St Lukes Foundation

Analysis

St Lukes Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, St Lukes Foundation reported income of $8.8m and spending of $8.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $8.8m (+213%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 275%. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Lukes Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include San Antonio AIDS Foundation ($8.8m), Phoenix Houses of Los Angeles Inc ($8.8m) and Friends of Recovery Cafe ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $30k (0.4% of expenses). Other salaries and wages came to $919k. It paid $68k in professional fundraising fees. At year end it held assets of $94.1m against liabilities of $95.5m, net assets of -$1.4m. It reported 8 employees.