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St. Jude Children's Research Hospital is different than most other charities and hospitals in the way we provide lifesaving care and groundbreaking research for our patients. It costs $2 million per day to operate St. Jude, and public contributions provide approximately 75 percent of the funds necessary to operate the hospital. No child pays for care or other needs, including housing, food and transportation, not covered by insurance. At St. Jude, only 13 percent of the money to operate the hospital comes from insurance recoveries and 12 percent comes from grants. This is vastly different than most other hospitals that can generate more than 90 percent of their revenues from insurance recoveries or other sources. And, it is different than large grant-making charities. Because of our unique operating model, we must be able to provide care for our patients regardless of economic fluctuations, and this necessitates that we maintain a reserve fund.
Thanks to our unique operational model, which helps protect our financial stability, as well as our medical and research discoveries, today, we are proud that St. Jude is the second largest health care charity in America according to the Chronicle of Philanthropy's Philanthropy 400 list, and the 11th largest charity on Forbes list of the 200 largest U.S. charities. During the past decade, St. Jude has consistently been in compliance with the Council of Better Business Bureau's Wise Giving Alliance and has also been rated favorably by the American Institute of Philanthropy, as well as financial rating agencies Moody's and Fitch.
For more information about our financials, please email email@example.com.