Tandem Health SC

Analysis

Tandem Health SC is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in September 2000, 26 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, Tandem Health SC reported income of $30.7m and spending of $28.7m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.3m to $30.7m (+68%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tandem Health SC sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Chai Lifeline Inc ($30.7m), Walker Methodist ($30.7m) and River Hospital Inc ($30.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $298k (1.0% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $21.8m against liabilities of $11.5m, net assets of $10.4m. It reported 299 employees.