Boston Childrens Heart Foundation

Analysis

Boston Childrens Heart Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1984, 42 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, Boston Childrens Heart Foundation reported income of $78.7m and spending of $72.7m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $60.9m to $78.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 26%. 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, Boston Childrens Heart Foundation sits at the 94th percentile: it is larger than about 94% 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 Northern Valley Indian Health Inc ($78.7m), Speare Memorial Hospital ($78.8m) and Tampa Family Health Centers Inc ($78.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $7.9m (11% of expenses). Other salaries and wages came to $38.2m. At year end it held assets of $142.0m against liabilities of $25.4m, net assets of $116.6m. It reported 95 employees.