Stormont-Vail Healthcare Inc

Analysis

Stormont-Vail Healthcare Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in September 1934, 92 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 September 2023, Stormont-Vail Healthcare Inc reported income of $1.01bn and spending of $949.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $768.0m to $1.01bn (+31%), an average of +7.1% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stormont-Vail Healthcare Inc 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 KS. Charities of a similar size with the same main cause include Grossmont Hospital Corporation ($1.01bn), Medical Center of Central Georgia Inc ($1.02bn) and Salem Health ($1.01bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $5.0m (0.5% of expenses). Other salaries and wages came to $478.5m. At year end it held assets of $1.10bn against liabilities of $338.4m, net assets of $763.3m. It reported 6,487 employees.