Bon Secours Mercy Health Inc

Analysis

Bon Secours Mercy Health Inc is a registered charity in United States, based in Blue Ash, OH. 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, Bon Secours Mercy Health Inc reported income of $8.71bn and spending of $9.00bn, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $115.5m to $8.71bn (+7440%), an average of +137% a year. The sharpest change came in the year to December 2019, when income rose by 793%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bon Secours Mercy Health Inc 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 100th percentile within OH. Charities of a similar size with the same main cause include Caresource Ohio Inc ($8.53bn), Nyu Langone Hospitals ($8.87bn) and The Cleveland Clinic Foundation ($7.58bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $35.9m (0.4% of expenses). Other salaries and wages came to $3.10bn. At year end it held assets of $12.93bn against liabilities of $8.71bn, net assets of $4.22bn. It reported 64,043 employees.