Acension St Vincent South Side

Analysis

Acension St Vincent South Side 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 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, Acension St Vincent South Side reported income of $153.8m and spending of $148.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $121.9m to $153.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acension St Vincent South Side 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 99th percentile within MO. Charities of a similar size with the same main cause include The Greater Boston Food Bank Inc ($153.3m), Houston Christian University ($153.8m) and St Marys University of San Antonio ($152.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $551k (0.4% of expenses). Other salaries and wages came to $46.4m. At year end it held assets of $107.2m against liabilities of $23.6m, net assets of $83.6m. It reported 1,023 employees.