St Lukes Hospital-Easton Campus

Analysis

St Lukes Hospital-Easton Campus is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in July 2020, 6 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, St Lukes Hospital-Easton Campus reported income of $59.4m and spending of $60.9m, spending 103% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $30.0m to $59.4m (+98%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 131% 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 Hospital-Easton Campus sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Southlake Tri-City Management Corp ($59.3m), J C Blair Memorial Hospital ($59.4m) and Ladd Memorial Hospital ($59.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. At year end it held assets of $52.1m against liabilities of $84.0m, net assets of -$31.9m.

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.