St Lukes Sugar Land Properties Corporation

Analysis

St Lukes Sugar Land Properties Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Lukes Sugar Land Properties Corporation reported income of $151k and spending of $5.1m, spending 3389% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $151k (-95%), an average of -52% a year. The sharpest change came in the year to June 2021, when income dropped by 97%. Over the whole period it spent 405% 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 Sugar Land Properties Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within AZ. Charities of a similar size with the same main cause include Community Program for Addiction Recovery Inc ($151k), Grace Community Medical Center Inc ($151k) and Oregon Society of Allergy Asthma and Immunology ($151k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $93.6m against liabilities of $88.3m, net assets of $5.2m.

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.