Childrens Hospital Pathology Foundation Inc

Analysis

Childrens Hospital Pathology Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Childrens Hospital Pathology Foundation Inc reported income of $14.0m and spending of $12.4m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.3m to $14.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 97% 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 Pathology Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include University Place Inc ($14.0m), Redlands Health Foundation ($14.0m) and Chota Community Health Services ($14.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.7m (30% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $13.8m against liabilities of $2.4m, net assets of $11.4m. It reported 21 employees.