St Lukes Health System Corporation

Analysis

St Lukes Health System 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 Health System Corporation reported income of $108.2m and spending of $213.5m, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $124.4m to $108.2m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 154% 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 Health System Corporation 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 Aspirus Medford Hospital & Clinics Inc ($108.0m), Cameron Memorial Community Hospital Inc ($108.2m) and The Long Island Home ($107.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $3.7m (1.7% of expenses). Other salaries and wages came to $28.3m. At year end it held assets of $2.68bn against liabilities of $1.77bn, net assets of $911.2m. It reported 2,952 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.