The Stern Cardiovascular Foundation Inc

Analysis

The Stern Cardiovascular Foundation Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 2014, 12 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 September 2023, The Stern Cardiovascular Foundation Inc reported income of $58.8m and spending of $100.6m, spending 171% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $47.3m to $58.8m (+24%), an average of +5.6% a year. Over the whole period it spent 166% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Stern Cardiovascular Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include The Foundation for Barnes-Jewish Hospital ($58.8m), Ozark Center ($58.9m) and HJF Medical Research International Inc ($58.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $13.0m (13% of expenses). Other salaries and wages came to $57.7m. At year end it held assets of $19.5m against liabilities of $311.3m, net assets of -$291.8m. It reported 485 employees.

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.