Childrens Hospital Corporation

Analysis

Childrens Hospital Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1983, 43 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 2023, Childrens Hospital Corporation reported income of $2.71bn and spending of $2.87bn, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.05bn to $2.71bn (+33%), an average of +7.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Hospital Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Christiana Care Health Services Inc ($2.70bn), Memorial Health Services Group Return ($2.72bn) and Beth Israel Deaconess Medical Center Inc ($2.69bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $19.4m (0.7% of expenses). Other salaries and wages came to $1.02bn. It paid $1.8m in professional fundraising fees. At year end it held assets of $8.08bn against liabilities of $2.99bn, net assets of $5.09bn. It reported 17,410 employees.