The Hospital Cottages for Children

Analysis

The Hospital Cottages for Children is a registered charity in United States, based in Southborough, MA. It received its IRS tax-exemption ruling in March 1947, 79 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Hospital Cottages for Children reported income of $12.9m and spending of $10.3m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $12.9m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Hospital Cottages for Children sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Catalpa Health Inc ($12.9m), Recovery Health Services Inc ($12.9m) and Ronald McDonald House Charleston ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $7.7m against liabilities of $4.7m, net assets of $3.1m. It reported 163 employees.