Ascension Health Alliance

Analysis

Ascension Health Alliance 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. 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 June 2023, Ascension Health Alliance reported income of $2.17bn and spending of $2.06bn, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.28bn to $2.17bn (-4.5%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Health Alliance 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 Park Nicollet ($2.00bn), Riverside Healthcare Association Inc ($2.32bn) and Banner University Family Care ($1.97bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $18.5m (0.9% of expenses). Other salaries and wages came to $907.1m. At year end it held assets of $25.49bn against liabilities of $10.34bn, net assets of $15.15bn. It reported 9,235 employees.