Thompson Oncology Group Dba Covenant Health Oncology Group

Analysis

Thompson Oncology Group Dba Covenant Health Oncology Group is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2023, Thompson Oncology Group Dba Covenant Health Oncology Group reported income of $22.2m and spending of $35.2m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $22.2m (+279%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 207% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thompson Oncology Group Dba Covenant Health Oncology Group sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Childrens Home Inc ($22.2m), The Roads Foundation Inc ($22.2m) and Oconnor Hospital ($22.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $17.1m. At year end it held assets of $11.3m against liabilities of $4.0m, net assets of $7.3m. It reported 198 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.