Childrens Hospital Medical Center

Analysis

Childrens Hospital Medical Center is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1973, 53 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, Childrens Hospital Medical Center reported income of $3.12bn and spending of $2.97bn, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.61bn to $3.12bn (+19%), an average of +4.5% a year. Over the whole period it spent 94% 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 Medical Center 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 OH. Charities of a similar size with the same main cause include Texas Childrens Health Plan Inc ($3.09bn), The Johns Hopkins Hospital ($3.18bn) and Trinity Health-Michigan ($3.04bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $11.9m (0.4% of expenses). Other salaries and wages came to $1.48bn. It paid $30k in professional fundraising fees. At year end it held assets of $9.09bn against liabilities of $1.68bn, net assets of $7.41bn. It reported 20,881 employees.