St Lukes Regional Medical Center

Analysis

St Lukes Regional Medical Center is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in June 1947, 79 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 September 2023, St Lukes Regional Medical Center reported income of $2.46bn and spending of $2.37bn, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.58bn to $2.46bn (+55%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 95% 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 Regional Medical Center 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 100th percentile within ID. Charities of a similar size with the same main cause include Childrens Health System of Texas ($2.44bn), Northwell Healthcare Inc ($2.46bn) and Kaiser Foundation Health Plan of Georgia Inc ($2.42bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. At year end it held assets of $2.69bn against liabilities of $1.42bn, net assets of $1.26bn.