Akron Childrens Hospital Foundation

Analysis

Akron Childrens Hospital Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 1971, 55 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 December 2023, Akron Childrens Hospital Foundation reported income of $44.5m and spending of $18.8m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.9m to $44.5m (+104%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Akron Childrens Hospital Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Millcreek Manor ($44.5m), Blood Assurance Inc ($44.6m) and Mab Community Services Inc ($44.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $491k (2.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $166.0m against liabilities of $18.1m, net assets of $147.9m. It reported 37 employees.