STC Healthcare Partners Risk Retention Group

Analysis

STC Healthcare Partners Risk Retention Group is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, STC Healthcare Partners Risk Retention Group reported income of $4.5m and spending of $2.2m, leaving 51% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $3.9m to $4.5m (+14%), an average of +6.8% a year. Over the whole period it spent 56% 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 Risk Retention Group sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Family Health Care of Northwest Ohio Inc ($4.5m), Region Six Alcohol and Drug Abuse Corp ($4.5m) and Truman Medical Center Professional and General Liability Self-Ins TR ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $20.3m against liabilities of $12.2m, net assets of $8.1m.