St Lukes Medical Group

Analysis

St Lukes Medical Group is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in May 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Lukes Medical Group reported income of $89.4m and spending of $132.4m, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $72.5m to $89.4m (+23%), an average of +5.4% a year. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lukes Medical Group 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 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Flaget Healthcare Inc ($89.4m), Association of Graduates of the United States Military Academy ($89.5m) and Maryland Food Bank Inc ($89.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $856k (0.6% of expenses). Other salaries and wages came to $91.0m. At year end it held assets of $20.1m against liabilities of $19.0m, net assets of $1.1m. It reported 834 employees.

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.