St Vincents Ambulatory Care Inc

Analysis

St Vincents Ambulatory Care 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. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Vincents Ambulatory Care Inc reported income of $137.9m and spending of $228.8m, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $100.9m to $137.9m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 178% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincents Ambulatory Care 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 99th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Christus Hopkins Health Alliance ($137.3m), Wofford College ($138.5m) and Volunteers of America Inc ($136.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.7m (1.2% of expenses). Other salaries and wages came to $136.4m. At year end it held assets of $43.3m against liabilities of $41.4m, net assets of $1.9m. It reported 1,519 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.