St Lukes Foundation

Analysis

St Lukes Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Lukes Foundation reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income rose by 216%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Lukes Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Central Iowa Recovery Inc ($1.6m), Genesis Therapy Center ($1.6m) and Community Futures Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $226k (17% of expenses). Other salaries and wages came to $134k. At year end it held assets of $15.5m against liabilities of $1.8m, net assets of $13.7m.