CHMC Otolaryngologic Foundation Inc

Analysis

CHMC Otolaryngologic Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2014, 12 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 September 2023, CHMC Otolaryngologic Foundation Inc reported income of $39.1m and spending of $36.6m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.1m to $39.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CHMC Otolaryngologic Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Greene Memorial Hospital Inc ($39.0m), Robert Young Center for Community Mental Health ($39.1m) and Lighthouse Behavioral Wellness Centers Inc ($39.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $9.0m (24% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $62.0m against liabilities of $17.4m, net assets of $44.6m. It reported 19 employees.