St Lukes Health Care Foundation

Analysis

St Lukes Health Care Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in October 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Lukes Health Care Foundation reported income of $6.8m and spending of $6.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $6.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 77% 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 Care Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Perry County Medical Center Inc ($6.8m), Beacon Christian Community Health Center Inc ($6.8m) and Paeon Health Services Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $227k (3.8% of expenses). Other salaries and wages came to $423k. It paid $48k in professional fundraising fees. At year end it held assets of $65.7m against liabilities of $4.9m, net assets of $60.9m.