Sacred Heart Health System Inc

Analysis

Sacred Heart Health System Inc is a registered charity in United States, based in Saint Louis, MO. 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 June 2023, Sacred Heart Health System Inc reported income of $1.50bn and spending of $1.53bn, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $983.5m to $1.50bn (+53%), an average of +11% a year. 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, Sacred Heart Health System 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 MO. Charities of a similar size with the same main cause include Dignity Health Medical Foundation ($1.50bn), St Joseph Health Northern California LLC ($1.50bn) and University Health System Inc ($1.50bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4.4m (0.3% of expenses). Other salaries and wages came to $516.7m. At year end it held assets of $919.9m against liabilities of $490.5m, net assets of $429.4m. It reported 8,463 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.