St Vincents Health System

Analysis

St Vincents Health System is a registered charity in United States, based in Birmingham, AL. 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 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 Health System reported income of $114.0m and spending of $118.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $159.4m to $114.0m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Vincents Health System sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Day Kimball Healthcare Inc ($113.8m), Indiana University Health Bedford Inc ($114.0m) and Ascension Medical Group-Fox Valley Wisconsin Inc ($113.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.6m (3.0% of expenses). Other salaries and wages came to $32.6m. At year end it held assets of $116.1m against liabilities of $38.4m, net assets of $77.7m. It reported 6,571 employees.