How does St. Jude make money?

Question

Zippia Team · Accepted Answer

St. Jude makes money via donations it receives. St. Jude claims it costs 2 billion dollars annually to run the organization. However, recently it has come to light that the non-profit organization has been hoarding billions of dollars in profits from its donations while its patients receive very little of that critical funding.

Parents of children treated at St. Jude have claimed they have often had to spend thousands upon thousands of dollars of their own money for various reasons involving their child's medical treatment at St. Jude's hospital.

While the organization has always stated it kept a portion of its donations to patients as a funding source to keep its hospitals running, it was not known until very recently just how much of the donations St. Jude was keeping.

The organization has been stashing away billions of dollars from these donations, making them its primary source of revenue.