Franciscan Children Hospital

Analysis

Franciscan Children Hospital is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Franciscan Children Hospital reported income of $89.2m and spending of $76.6m, spending 86% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $64.4m to $89.2m (+39%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franciscan Children Hospital sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Carthage Area Hospital Inc ($89.2m), McLaren Medical Group ($89.2m) and Sinai Health System ($89.1m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $3.9m (5.0% of expenses). Other salaries and wages came to $40.9m. At year end it held assets of $93.0m against liabilities of $23.5m, net assets of $69.6m. It reported 914 employees.