St Lukes Magic Valley Regional Medical Center Ltd

Analysis

St Lukes Magic Valley Regional Medical Center Ltd is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in February 2007, 19 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 Magic Valley Regional Medical Center Ltd reported income of $563.0m and spending of $575.1m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $446.1m to $563.0m (+26%), an average of +6.0% a year. Over the whole period it spent 98% 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 Magic Valley Regional Medical Center Ltd sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within ID. Charities of a similar size with the same main cause include Southcentral Foundation ($562.9m), Piedmont Henry Hospital Inc ($563.0m) and Saint Lukes Physician Group Inc ($562.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. At year end it held assets of $304.1m against liabilities of $49.2m, net assets of $254.9m.