Sacred Heart Health Services

Analysis

Sacred Heart Health Services is a registered charity in United States, based in Yankton, SD. 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, Sacred Heart Health Services reported income of $148.4m and spending of $144.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $145.8m to $148.4m (+1.8%), an average of +0.4% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sacred Heart Health Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within SD. Charities of a similar size with the same main cause include Fairview Heights Medical Group SC ($148.2m), Pella Regional Health Center ($148.5m) and Humboldt Park Health ($148.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $490k (0.3% of expenses). Other salaries and wages came to $59.2m. At year end it held assets of $399.6m against liabilities of $49.6m, net assets of $350.1m. It reported 1,263 employees.