St Marys Hospital of Superior

Analysis

St Marys Hospital of Superior is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Hospital of Superior reported income of $106.4m and spending of $84.1m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $75.1m to $106.4m (+42%), an average of +9.1% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Hospital of Superior sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Heritage Foundation ($106.3m), Rocky Mountain Health Care Services ($106.4m) and St Louis Area Food Bank Inc ($106.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $228k (0.3% of expenses). Other salaries and wages came to $35.9m. At year end it held assets of $185.5m against liabilities of $5.0m, net assets of $180.4m. It reported 399 employees.