Southcentral Foundation

Analysis

Southcentral Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Southcentral Foundation reported income of $562.9m and spending of $471.9m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $417.7m to $562.9m (+35%), an average of +7.7% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southcentral Foundation sits at the 99th 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 AK. Charities of a similar size with the same main cause include Saint Lukes Physician Group Inc ($562.5m), St Lukes Magic Valley Regional Medical Center Ltd ($563.0m) and St Bernards Hospital Inc ($562.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.9m (0.4% of expenses). Other salaries and wages came to $233.6m. At year end it held assets of $1.27bn against liabilities of $176.0m, net assets of $1.09bn. It reported 3,058 employees.