St Joseph S Medical Center

Analysis

St Joseph S Medical Center is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Joseph S Medical Center reported income of $276.0m and spending of $263.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $233.7m to $276.0m (+18%), an average of +4.2% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Joseph S Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include St Catherine of Siena Medical Center ($275.6m), Upmc Washington ($276.6m) and Lake Pointe Operating Company LLC ($275.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.4m (0.9% of expenses). Other salaries and wages came to $103.1m. At year end it held assets of $404.6m against liabilities of $53.5m, net assets of $351.1m. It reported 1,258 employees.