Childrens Hospital Opthalmology Foundation Inc

Analysis

Childrens Hospital Opthalmology Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Childrens Hospital Opthalmology Foundation Inc reported income of $32.7m and spending of $56.6m, spending 173% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.8m to $32.7m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 113% 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 Opthalmology Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Valley Citizens Foundation for Health Care Inc ($32.7m), Ripon Medical Center Inc ($32.7m) and Lane Community Health Council ($32.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $7.8m (14% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $67.3m against liabilities of $39.5m, net assets of $27.8m. It reported 21 employees.