SSM Health Care St Louis

Analysis

SSM Health Care St Louis 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, SSM Health Care St Louis reported income of $2.15bn and spending of $2.04bn, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.63bn to $2.15bn (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 94% 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 Care St Louis 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 100th percentile, and in the 100th percentile within MO. Charities of a similar size with the same main cause include Wellstar Health System Inc ($2.12bn), Providence Health System-Southern California ($2.17bn) and West Virginia University Hospitals Inc ($2.11bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.9m (0.2% of expenses). Other salaries and wages came to $715.4m. At year end it held assets of $1.06bn against liabilities of $1.13bn, net assets of -$75.1m. It reported 12,069 employees.