Ascension Health-Is Inc

Analysis

Ascension Health-Is 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Health-Is Inc reported income of $1.25bn and spending of $1.31bn, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.04bn to $1.25bn (+20%), an average of +4.7% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Health-Is 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 100th percentile, and in the 100th percentile within MO. Charities of a similar size with the same main cause include Royal Institution for the Advancement of Learning-Mcgill Uni ($1.25bn), Tufts Medical Center Parent Inc ($1.30bn) and Valley Health System ($1.22bn).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $207.3m. At year end it held assets of $677.3m against liabilities of $318.0m, net assets of $359.4m. It reported 3,011 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.