Childrens Hospital Pittsburgh Foundation

Analysis

Childrens Hospital Pittsburgh Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2001, 25 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, Childrens Hospital Pittsburgh Foundation reported income of $59.0m and spending of $42.0m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.9m to $59.0m (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Hospital Pittsburgh Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Titusville Area Hospital ($59.0m), Massena Hospital Inc ($59.0m) and Ozark Center ($58.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $642k (1.5% of expenses). Other salaries and wages came to $4.0m. It paid $679k in professional fundraising fees. At year end it held assets of $386.3m against liabilities of $5.5m, net assets of $380.8m. It reported 61 employees.