St Vincent Carmel Hospital Inc

Analysis

St Vincent Carmel Hospital 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 hospital or medical research organisation under section 501(c)(3).

In the financial year ending June 2023, St Vincent Carmel Hospital Inc reported income of $274.7m and spending of $165.4m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $232.3m to $274.7m (+18%), an average of +4.3% a year. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincent Carmel Hospital 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 99th percentile within MO. Charities of a similar size with the same main cause include California Independent System Operator Corporation ($272.5m), University of New Brunswick ($275.5m) and Unitypoint at Home ($271.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.5m (1.5% of expenses). Other salaries and wages came to $38.5m. At year end it held assets of $164.8m against liabilities of $54.5m, net assets of $110.3m. It reported 675 employees.