Ascension Providence

Analysis

Ascension Providence 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. 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, Ascension Providence reported income of $320.1m and spending of $322.9m, spending 101% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $244.4m to $320.1m (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ascension Providence 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 99th percentile within MO. Charities of a similar size with the same main cause include Mercy Medical Center ($320.0m), Shepherd Center Inc ($320.4m) and Howard County General Hospital Inc ($319.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.9m (0.6% of expenses). Other salaries and wages came to $92.7m. At year end it held assets of $183.8m against liabilities of $114.9m, net assets of $68.9m. It reported 1,829 employees.