St Vincent Infirmary Medical Center

Analysis

St Vincent Infirmary Medical Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2018, 8 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, St Vincent Infirmary Medical Center reported income of $503.7m and spending of $613.4m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $440.8m to $503.7m (+14%), an average of +3.4% a year. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Vincent Infirmary Medical Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Alegent Creighton Clinic ($502.5m), East Carolina Health ($504.1m) and Southwest Louisiana Hospital Association Inc ($502.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $4.5m (0.7% of expenses). Other salaries and wages came to $217.3m. At year end it held assets of $843.0m against liabilities of $1.25bn, net assets of -$411.4m. It reported 3,476 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.