St Lukes Hospital Inc

Analysis

St Lukes Hospital Inc is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in August 1942, 84 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, St Lukes Hospital Inc reported income of $48.2m and spending of $42.1m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $40.0m to $48.2m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Lukes Hospital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Trinidad Area Health Association ($48.1m), Greater Fairbanks Community Hospital Foundation Inc ($48.3m) and Lifeserve Blood Center ($48.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. Other salaries and wages came to $11.9m. At year end it held assets of $74.8m against liabilities of $9.0m, net assets of $65.7m. It reported 383 employees.