Saint Thomas Health

Analysis

Saint Thomas Health is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Thomas Health reported income of $193.9m and spending of $172.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $272.1m to $193.9m (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Thomas Health sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Mercy Clinics Inc ($193.5m), Cuyuna Regional Medical Center ($193.9m) and University of Kansas Medical Center Research Institute ($192.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $731k (0.4% of expenses). Other salaries and wages came to $53.3m. At year end it held assets of $115.3m against liabilities of $43.5m, net assets of $71.8m. It reported 1,807 employees.