Ascension Living St Catherine Laboure Place

Analysis

Ascension Living St Catherine Laboure Place 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. 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, Ascension Living St Catherine Laboure Place reported income of $16.5m and spending of $18.8m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.0m to $16.5m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Living St Catherine Laboure Place 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 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Bebashi - Transition to Hope ($16.5m), Liberty Christian Academy ($16.5m) and Ascension Depaul Services Fund ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $13.4m against liabilities of $14.2m, net assets of -$843k. It reported 236 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.