St Alexius Medical Center

Analysis

St Alexius Medical Center is a registered charity in United States, based in Bismarck, ND. 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 June 2023, St Alexius Medical Center reported income of $255.9m and spending of $330.0m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $274.7m to $255.9m (-6.8%), an average of -1.8% a year. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Alexius Medical Center 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 100th percentile within ND. Charities of a similar size with the same main cause include Thedacare Regional Medical Center - Neenah Inc ($255.0m), St Vincents East ($256.1m) and Chi St Vincent Hospital Hot Springs ($254.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.9m (0.9% of expenses). Other salaries and wages came to $110.9m. At year end it held assets of $248.1m against liabilities of $422.1m, net assets of -$174.0m. It reported 1,735 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.