Childrens Health Care Associates Inc

Analysis

Childrens Health Care Associates Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 June 2023, Childrens Health Care Associates Inc reported income of $370.5m and spending of $379.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $331.3m to $370.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Health Care Associates Inc 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 PA. Charities of a similar size with the same main cause include Providence Facey Medical Foundation ($365.0m), Patient Access Network Foundation ($374.4m) and National Endowment for Democracy ($363.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $7.7m (2.0% of expenses). Other salaries and wages came to $231.7m. At year end it held assets of $227.2m against liabilities of $85.3m, net assets of $141.9m.