Saint Lukes Foundation

Analysis

Saint Lukes Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Saint Lukes Foundation reported income of $15.7m and spending of $19.6m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $31.7m to $15.7m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Lukes Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Madison Family Health Corporation ($15.7m), Visiting Nurse Association of Northern New Jersey Inc ($15.7m) and Sun Health Services ($15.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $560k (2.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $257.4m against liabilities of $6.1m, net assets of $251.4m. It reported 21 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.