SSM Health Businesses

Analysis

SSM Health Businesses is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, SSM Health Businesses reported income of $279.1m and spending of $305.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256.6m to $279.1m (+8.8%), an average of +2.1% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, SSM Health Businesses sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Assistance Fund Inc ($279.0m), St Marys Hospital Inc ($279.9m) and Olmsted Medical Center ($279.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (0.4% of expenses). Other salaries and wages came to $121.8m. At year end it held assets of $178.9m against liabilities of $112.0m, net assets of $66.8m. It reported 1,523 employees.