Saint Thomas Regional Hospitals

Analysis

Saint Thomas Regional Hospitals 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).

In the financial year ending June 2023, Saint Thomas Regional Hospitals reported income of $98.8m and spending of $111.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $74.5m to $98.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Thomas Regional Hospitals 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 99th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Sunnybrook Foundation ($98.7m), U B Foundation Activities Inc ($98.9m) and Bay Area Community Services Inc ($98.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $798k (0.7% of expenses). Other salaries and wages came to $35.1m. At year end it held assets of $66.4m against liabilities of $19.3m, net assets of $47.1m. It reported 728 employees.