St Marks Medical Center

Analysis

St Marks Medical Center is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in April 2002, 24 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 Marks Medical Center reported income of $23.9m and spending of $27.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.3m to $23.9m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marks Medical Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Toiyabe Indian Health Project Inc ($23.9m), Childrens Health Care Foundation ($23.9m) and Charles River Community Health Inc ($23.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 89% of the total. Other salaries and wages came to $11.2m. At year end it held assets of $25.8m against liabilities of $24.2m, net assets of $1.6m. It reported 238 employees.