Kidspeace Childrens Hospital Inc

Analysis

Kidspeace Childrens Hospital Inc is a registered charity in United States, based in Schnecksville, PA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. 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 December 2023, Kidspeace Childrens Hospital Inc reported income of $31.4m and spending of $32.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.8m to $31.4m (+13%), an average of +3.1% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kidspeace Childrens Hospital Inc 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 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include The Young Mens Christian Association of Greater Toledo ($31.4m), X Prize Foundation Inc ($31.4m) and American Training Inc ($31.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $276k (0.9% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $9.4m against liabilities of $14.4m, net assets of -$5.0m. It reported 497 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.