St Lukes Properties Corporation

Analysis

St Lukes Properties Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Lukes Properties Corporation reported income of $1.7m and spending of $8.3m, spending 493% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.0m to $1.7m (-87%), an average of -40% a year. The sharpest change came in the year to June 2020, when income dropped by 76%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Lukes Properties Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Bismarck Cancer Center Foundation ($1.7m), Foundation for Cincinnati Jewish Seniors ($1.7m) and Blue Autism Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 54% of the total. At year end it held assets of $213.6m against liabilities of $169.6m, net assets of $44.0m.