The Childrens Hospital of Philadelphia Foundation

Analysis

The Childrens Hospital of Philadelphia Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1983, 43 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 June 2023, The Childrens Hospital of Philadelphia Foundation reported income of $377.6m and spending of $210.7m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $197.6m to $377.6m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 71% 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 Foundation sits at the 98th percentile: it is larger than about 98% of them. 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 Baylor Regional Medical Center at Plano ($376.5m), Martin Luther King Jr Los Angeles Healthcare Corporation ($377.8m) and Southwest Behavioral Health Management Inc ($376.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $6.3m (3.0% of expenses). Other salaries and wages came to $17.0m. It paid $5.4m in professional fundraising fees. At year end it held assets of $4.39bn against liabilities of $1.82bn, net assets of $2.58bn.