Saint Thomas West Hospital

Analysis

Saint Thomas West Hospital 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, Saint Thomas West Hospital reported income of $1.11bn and spending of $1.05bn, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $475.4m to $1.11bn (+134%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 94% 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 West Hospital sits at the 99th 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 Brookdale Hospital Medical Center ($1.11bn), McLeod Regional Medical Center of the Pee Dee Inc ($1.11bn) and Parkview Health System Inc ($1.11bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.9m (0.2% of expenses). Other salaries and wages came to $257.0m. At year end it held assets of $728.5m against liabilities of $545.4m, net assets of $183.1m. It reported 5,074 employees.