St Lukes Hospital-Carbon Campus

Analysis

St Lukes Hospital-Carbon Campus is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in July 2021, 5 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-Carbon Campus reported income of $87.3m and spending of $85.4m, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $43.3m to $87.3m (+102%), an average of +102% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 103% 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-Carbon Campus 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 PA. Charities of a similar size with the same main cause include Acts Communities of Maryland Inc ($87.1m), Jewish Home Lifecare Manhattan ($87.3m) and Versiti Indiana Inc ($87.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $103.6m against liabilities of $108.9m, net assets of -$5.4m.