St Thomas East End Medical Center Corporation

Analysis

St Thomas East End Medical Center Corporation is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in November 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 February 2023, St Thomas East End Medical Center Corporation reported income of $8.8m and spending of $11.4m, spending 130% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income fell from $12.7m to $8.8m (-31%), an average of -8.9% a year. The sharpest change came in the year to February 2020, when income dropped by 25%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Thomas East End Medical Center Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 98th percentile within VI. Charities of a similar size with the same main cause include United Cerebral Palsy Association of Central California Inc ($8.8m), Bourbon Heights Incorporated ($8.8m) and Childrens Medical Center Research Institute at the University of Tex ($8.8m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $734k (6.4% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $1.6m against liabilities of $3.8m, net assets of -$2.2m. It reported 103 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.