St Jude Childrens Research Hospital Inc

Analysis

St Jude Childrens Research Hospital Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1963, 63 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 June 2023, St Jude Childrens Research Hospital Inc reported income of $1.71bn and spending of $1.52bn, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.11bn to $1.71bn (+54%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Jude Childrens Research Hospital Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include RWJBH Corporate Services Inc ($1.71bn), Baylor University Medical Center ($1.73bn) and Loma Linda Mercantile ($1.71bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $9.3m (0.6% of expenses). Other salaries and wages came to $592.9m. At year end it held assets of $10.48bn against liabilities of $277.6m, net assets of $10.20bn. It reported 6,741 employees.