Visiting Board of the Childrens Hospital

Analysis

Visiting Board of the Childrens Hospital is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 1920, 106 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Visiting Board of the Childrens Hospital reported income of $154k and spending of $162k, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $159k to $154k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to September 2020, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visiting Board of the Childrens Hospital sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include Fbi National Academy Associates Michigan Chapter ($154k), Henry Spenadel Continuing Dental Educ Program-First Dist Dental Soc ($154k) and Waypoint Vets ($154k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $397k against liabilities of $85k, net assets of $313k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.