St Lukes Health Foundation of Sioux City Iowa

Analysis

St Lukes Health Foundation of Sioux City Iowa is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 Foundation of Sioux City Iowa reported income of $4.0m and spending of $1.8m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.0m (+176%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lukes Health Foundation of Sioux City Iowa sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Masonic Home Endowment Fund Inc ($4.0m), Illinois Arts Alliance ($4.0m) and The Childrens Storefront ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $183k (10.0% of expenses). Other salaries and wages came to $200k. It paid $66k in professional fundraising fees. At year end it held assets of $6.7m against liabilities of $385k, net assets of $6.3m.