St Michaels Hospital

Analysis

St Michaels Hospital is a registered charity in United States, based in Tyndall, SD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Michaels Hospital reported income of $13.8m and spending of $12.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.9m to $13.8m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels Hospital sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within SD. Charities of a similar size with the same main cause include Redwood Area Communities Foundation Inc ($13.8m), Intertribal Agriculture Council Inc ($13.8m) and Minnesota Jewish Community Center ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $322k (2.6% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $23.3m against liabilities of $679k, net assets of $22.6m. It reported 113 employees.