Baylor St Lukes Medical Group

Analysis

Baylor St Lukes Medical Group is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1996, 30 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, Baylor St Lukes Medical Group reported income of $106.9m and spending of $190.7m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $151.2m to $106.9m (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2020, when income dropped by 41%. Over the whole period it spent 170% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baylor St Lukes Medical Group sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Robert Wood Johnson Health Network Inc ($106.7m), St Lukes Hospital at the Vintage ($107.0m) and Dana Farber Mass General Brigham Cancer Care Inc ($106.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $482k (0.3% of expenses). Other salaries and wages came to $26.9m. At year end it held assets of $51.1m against liabilities of $530.2m, net assets of -$479.1m. It reported 686 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.