St Francis Medical Center Inc

Analysis

St Francis Medical Center Inc is a registered charity in United States, based in Baton Rouge, LA. 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, St Francis Medical Center Inc reported income of $346.2m and spending of $347.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $319.1m to $346.2m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Francis Medical Center Inc 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 LA. Charities of a similar size with the same main cause include RWJ Barnabas Health Inc ($346.0m), Albany Med Health System ($346.5m) and Capital Area Behavioral Health Collaborative Inc ($345.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (0.4% of expenses). Other salaries and wages came to $118.5m. At year end it held assets of $284.9m against liabilities of $227.6m, net assets of $57.2m. It reported 2,026 employees.