SSM Health Care Corporation

Analysis

SSM Health Care Corporation 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. 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 December 2023, SSM Health Care Corporation reported income of $1.19bn and spending of $1.18bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $829.3m to $1.19bn (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, SSM Health Care Corporation sits at the 99th 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 100th percentile within MO. Charities of a similar size with the same main cause include Integris Baptist Medical Center Inc ($1.18bn), Eisenhower Medical Center ($1.20bn) and Scott & White Clinic ($1.18bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $28.1m (2.4% of expenses). Other salaries and wages came to $209.6m. At year end it held assets of $5.49bn against liabilities of $3.29bn, net assets of $2.20bn. It reported 2,085 employees.