Childrens Medical Center

Analysis

Childrens Medical Center is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1960, 66 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Childrens Medical Center reported income of $285.9m and spending of $227.4m, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $310.9m to $285.9m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to September 2020, when income dropped by 41%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Avera Health ($285.3m), The Good Samaritan Hospital of Lebanon Pennsylvania ($286.1m) and Alfred I Dupont Charitable Trust ($284.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 59% of the total. Other salaries and wages came to $120.9m. At year end it held assets of $3.51bn against liabilities of $2.47bn, net assets of $1.04bn. It reported 1,118 employees.