As of June 30, 2024, St. Jude and ALSAC report $11.8B in total assets and $11.3B in net assets.
When people ask how much money St. Jude Children’s Research Hospital has, they want a clear, sourced figure and context. The latest audited combined financial statements for St. Jude and its fundraising arm, ALSAC, list $11.8 billion in total assets and $11.3 billion in net assets at fiscal year-end 2024. Those dollars fund care, research, training, and the reserves that keep the mission steady.
How Much Money Does St. Jude Children’s Research Hospital Have: By The Numbers
The combined statement shows cash, investments, property, and other assets. Net assets are split into two buckets: without donor restrictions and with donor restrictions. The table below condenses the core lines that answer the headline question in a simple view.
| Measure (FY2024) | Amount | Source |
|---|---|---|
| Total assets | $11,800,007,000 | Combined financial statement |
| Total net assets | $11,323,206,000 | Combined financial statement |
| Net assets without donor restrictions | $9,944,661,000 | Combined financial statement |
| Net assets with donor restrictions | $1,378,545,000 | Combined financial statement |
| Cash and cash equivalents | $425,103,000 | Combined financial statement |
| Unrestricted investments | $7,763,005,000 | Combined financial statement |
| Restricted investments | $1,492,192,000 | Combined financial statement |
People often type “how much money does st. jude children’s research hospital have?” into Google and expect a single number. The answer comes from audited filings and the hospital’s own pages, which lay out totals along with how those dollars are put to work.
Readers often mix up assets and budget. Assets are the balance sheet snapshot at a date. Budget is what it takes to run the hospital across a year. St. Jude says it costs more than $2 billion each year to sustain and grow operations. That spend pays for patient care, research programs, education, and the staff who make it all work. See the hospital’s operating model for the plain-language rationale.
Where The Money Comes From
St. Jude stands on a dual-entity model. The hospital delivers care and science. ALSAC raises money and builds awareness. Donors fund the bulk of operations, with backing from bequests, special events, grants, insurance recoveries, licensing, and investment returns. In 2024, funding lines on the combined statement crossed $2.5 billion, driven by contributions and bequests. That flow keeps labs running and clinics open.
Why A Reserve Exists
Complex pediatric treatments span years. Trials can run long. Markets swing. A reserve lets St. Jude keep care free for families while staying invested in multi-year science. The organization states the need for a reserve fund given the scale of annual costs and the pace of its strategic plan.
With And Without Donor Restrictions
Net assets without donor restrictions are flexible. Leaders can deploy those dollars across care, research, and training. Net assets with donor restrictions are tied to the purposes named by donors or to time limits. Both pools add up to the total financial strength that backs the mission and the long view.
Main Budget Lines In Plain Language
The combined statement of functional expenses breaks spending into program services and back-office services. Program services include patient care, research, and education. Back-office services include fundraising along with administration and general.
Program Services Snapshot
Patient care spending spans clinical teams, medicines, and family housing. Research spending funds labs, data platforms, and shared scientific cores. Education backs training for the next generation and outreach programs that guide care in partner settings.
Back-Office Services At Work
Fundraising pays for staff, mailings, digital campaigns, and events that bring in gifts across the year. Administration and general handles finance, compliance, IT, legal, and campus operations. These categories keep the doors open and donations flowing, which feeds back into care today.
Can I Rely On These Numbers?
Yes. The figures above come from audited financials following U.S. GAAP. St. Jude posts its annual report, Form 990s for both entities, and a detailed combined financial statement each year. An independent audit committee and board review those materials before they go live.
For readers who want the source, the organization hosts a financials and budget page with the latest links. The 2024 combined statement lists the line items used in the table near the top of this page. The same document shows program-service totals for care, research, and education.
How The Endowment And Investments Fit In
Many donors ask about the “endowment.” St. Jude lists large investment balances, both unrestricted and restricted. These balances hold reserves and endowed funds that spin off income and can also be drawn with board approval. This structure gives St. Jude the ability to plan multi-year science and facility projects that do not stall when gifts dip or markets wobble.
How To Read Nonprofit Numbers Without Getting Lost
Start with the statement of financial position for the point-in-time snapshot. Then check the statement of activities for the year’s inflows and outflows. If you want the cash view, scan the statement of cash flows.
A large investment pool produces income and buffers risk. Property and equipment include labs, housing, and clinical space. Those assets serve patients every day since you cannot spend a building.
What Counts As Money At A Hospital Like This
Cash is only a slice. Investments matter because they produce returns that fund operations and later build-outs. Property and equipment reflect buildings, labs, housing, and clinical gear. Receivables include pledges, grants, and insurance payments that have not yet arrived. All of these flow into total assets and net assets.
How Much Money Does St. Jude Children’s Research Hospital Have In Reserve?
The exact reserve level shifts with markets and spending, though the combined statement gives a clear view of investable assets. The operating model page states that annual costs exceed $2 billion, which sets the scale for an appropriate reserve. The goal is stability: keep care free for families and keep long projects funded even during a downturn.
Taking The Numbers Into Real Life
Numbers land when tied to outcomes. Donations and investment income fund housing for families, precision therapies, global drug distribution efforts, and training for partner hospitals. The current strategic plan commits $12.9 billion over six years to expand care, build facilities, seed new research areas, and back global programs that raise survival rates.
How The 2024 Totals Compare With 2023
Total assets climbed from $10.6 billion in 2023 to $11.8 billion in 2024. Net assets rose from $10.2 billion to $11.3 billion. Cash stayed near $425 million, while investments grew with market gains and new gifts. Program-service totals increased as new space and projects came online.
What A Donor Can Take Away
Scale matters when funding rare-disease research and no-bill care. A strong balance sheet lowers risk and lets teams move on ideas with promise. The audited statements and annual report show how those dollars are collected, invested, and spent.
Detailed Spending Snapshot (FY2024)
The second table collects a few of the big totals that readers often ask about. Amounts come from the combined statement of activities and the combined statement of functional expenses.
| Category | FY2024 Amount | Notes |
|---|---|---|
| Total funding (gifts, bequests, events) | $2,568,630,000 | Contributions and bequests dominate |
| Net patient service revenue | $126,054,000 | Insurance recoveries and related |
| Program services (patient care) | $695,614,000 | Clinical care and family housing |
| Program services (research) | $823,242,000 | Labs, data, cores |
| Program services (education) | $343,087,000 | Training and outreach |
| Back-office (fundraising + admin) | $807,399,000 | Keep donations and operations running |
| Change in net assets | $1,121,284,000 | Revenue over expenses |
Method, Sources, And Limits
This page relies on audited materials for the fiscal year ended June 30, 2024. Dollar amounts reflect the combined view of St. Jude Children’s Research Hospital and ALSAC and are stated as reported. The combined statement is the best single source for total assets and net assets because it rolls both entities into one view.
Links above lead straight to St. Jude’s own pages and documents. The operating model page gives the annual cost range and the six-year plan scale. The financials page links out to Form 990 filings and the annual report. If you are writing about the topic, always cite the exact fiscal year and the document you used.
FAQ-Style Clarifications
Is The “Endowment” The Same As Total Assets?
No. Total assets include property, receivables, and cash. The investment balances are the closest proxy for an endowment-style pool, yet not all of that pool is permanently restricted. Some is board-designated for near-term use.
Do Families Pay For Care?
No. St. Jude says families never receive a bill for treatment, travel, housing, or food. Insurance is billed when available, but families are not asked to pay co-pays or deductibles.
Why Present Combined Figures?
ALSAC exists to fund the hospital. Presenting one set of statements lets readers see the full picture of revenue, spending, and total assets in a single place. That view answers the headline question cleanly.
Final word on the headline: How much money does St. Jude Children’s Research Hospital have? Based on the latest audited combined statement, the Organization reports $11.8 billion in total assets and $11.3 billion in net assets. Those numbers frame the scale of care and science happening in Memphis and across partner sites. If you came here asking “how much money does st. jude children’s research hospital have?”, now you have the sourced figures and the context behind them.