St Marys Hospital and Medical Center Inc

Analysis

St Marys Hospital and Medical Center Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, St Marys Hospital and Medical Center Inc reported income of $515.2m and spending of $525.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $435.3m to $515.2m (+18%), an average of +4.3% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marys Hospital and Medical Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within UT. Charities of a similar size with the same main cause include St Anthonys Hospital Inc ($515.1m), Valley Presbyterian Hospital ($517.0m) and Christus Health Southeast Texas ($514.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.7m (0.7% of expenses). Other salaries and wages came to $141.2m. At year end it held assets of $876.8m against liabilities of $26.3m, net assets of $850.5m. It reported 2,615 employees.