SSM Regional Health Services

Analysis

SSM Regional Health Services 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 Regional Health Services reported income of $142.3m and spending of $172.4m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $176.7m to $142.3m (-19%), an average of -5.3% a year. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, SSM Regional Health Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include St James Healthcare ($142.2m), Presence Healthcare Services ($142.4m) and Dickinson County Healthcare System ($142.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.2m (1.3% of expenses). Other salaries and wages came to $56.0m. At year end it held assets of $72.3m against liabilities of $289.0m, net assets of -$216.7m. It reported 1,075 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.