Saint Agnes Medical Foundation

Analysis

Saint Agnes Medical Foundation is a registered charity in United States, based in Fresno, CA. 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Agnes Medical Foundation reported income of $68.0m and spending of $91.0m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.0m to $68.0m (+106%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Agnes Medical Foundation 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 99th percentile within CA. Charities of a similar size with the same main cause include Unity Healthcare ($68.0m), Hebrew Home of Greater Washington Inc ($68.0m) and Grand Island Regional Medical Center ($67.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $300k (0.3% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $36.0m against liabilities of $30.2m, net assets of $5.8m.

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.