St Marys Medical Center

Analysis

St Marys Medical Center is a registered charity in United States, based in Duluth, 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 Marys Medical Center reported income of $506.4m and spending of $510.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $485.9m to $506.4m (+4.2%), an average of +1.0% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marys Medical Center sits at the 98th percentile: it is larger than about 98% 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 Louisiana Childrens Medical Center ($505.4m), United Regional Health Care System Inc ($506.7m) and Central Maine Medical Center ($505.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $194.4m. At year end it held assets of $1.02bn against liabilities of $65.7m, net assets of $954.6m. It reported 3,286 employees.