St Lukes Health Resources

Analysis

St Lukes Health Resources is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in December 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Lukes Health Resources reported income of $1.7m and spending of $2.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $1.7m (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 118% 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 Health Resources sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Dui Counterattack Hillsborough Inc ($1.7m), California Oncology Research Institute Inc ($1.7m) and Attack Addiction Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.7m against liabilities of $53.4m, net assets of -$51.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.