SSM Health Care Group

Analysis

SSM Health Care Group is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, SSM Health Care Group reported income of $334.9m and spending of $414.1m, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $177.8m to $334.9m (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, SSM Health Care Group 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 99th percentile within MO. Charities of a similar size with the same main cause include Flagler Hospital Inc ($333.7m), Melrosewakefield Healthcare Inc ($336.3m) and Upper Chesapeake Medical Center Inc ($333.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 92% of the total. Other salaries and wages came to $285.9m. At year end it held assets of $183.8m against liabilities of $268.3m, net assets of -$84.4m. It reported 2,578 employees.