Nationwide Childrens Hospital

Analysis

Nationwide Childrens Hospital is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2003, 23 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending December 2023, Nationwide Childrens Hospital reported income of $3.89bn and spending of $3.57bn, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.23bn to $3.89bn (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nationwide Childrens Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Chancellor Masters & Scholars of the University of Oxford ($3.42bn), Methodist Hospital Group ($3.93bn) and Governing Council of the University of Toronto ($3.21bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $24.7m (0.7% of expenses). Other salaries and wages came to $1.17bn. At year end it held assets of $8.23bn against liabilities of $1.81bn, net assets of $6.41bn. It reported 20,535 employees.