The Childrens Hospital of Philadelphia

Analysis

The Childrens Hospital of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1932, 94 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 June 2023, The Childrens Hospital of Philadelphia reported income of $3.45bn and spending of $3.30bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.62bn to $3.45bn (+32%), an average of +7.1% a year. 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, The Childrens Hospital of Philadelphia 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 Osf Healthcare System ($3.40bn), Sutter Bay Medical Foundation ($3.51bn) and Dana-Farber Cancer Institute ($3.39bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $17.6m (0.5% of expenses). Other salaries and wages came to $1.34bn. At year end it held assets of $7.43bn against liabilities of $3.27bn, net assets of $4.16bn. It reported 25,343 employees.