Saint Thomas Medical Partners

Analysis

Saint Thomas Medical Partners is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1997, 29 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 Medical Partners reported income of $263.4m and spending of $374.2m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $151.1m to $263.4m (+74%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 142% 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 Medical Partners 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 Skaggs Community Hospital Association ($263.1m), Cheshire Medical Center ($263.6m) and Leesburg Regional Medical Center Inc ($263.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.4m (1.2% of expenses). Other salaries and wages came to $221.4m. At year end it held assets of $107.3m against liabilities of $117.0m, net assets of -$9.7m. It reported 2,102 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.