Bon Secours-St Francis Xavier Hospital Inc

Analysis

Bon Secours-St Francis Xavier Hospital Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 1998, 28 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-St Francis Xavier Hospital Inc reported income of $580.5m and spending of $477.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254.6m to $580.5m (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 82% 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-St Francis Xavier Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Emanate Health Medical Center ($579.6m), SCL Health Montana ($581.2m) and National Marrow Donor Program ($578.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $273k (0.1% of expenses). Other salaries and wages came to $86.4m. At year end it held assets of $329.4m against liabilities of $39.9m, net assets of $289.5m. It reported 1,555 employees.