STC Healthcare Partners LLC

Analysis

STC Healthcare Partners LLC is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in May 2022, 4 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, STC Healthcare Partners LLC reported income of $347.6m and spending of $334.8m, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $307.1m to $347.6m (+13%), an average of +13% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, STC Healthcare Partners LLC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Baptist Health Regional Hospitals ($346.7m), Catalight Foundation ($347.6m) and Sonora Community Hospital ($346.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.1m (0.3% of expenses). Other salaries and wages came to $146.7m. At year end it held assets of $240.6m against liabilities of $319.4m, net assets of -$78.8m. It reported 2,227 employees.