Childrens Hospital of Michigan Foundation

Analysis

Childrens Hospital of Michigan Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2003, 23 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, Childrens Hospital of Michigan Foundation reported income of $17.6m and spending of $12.0m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $17.6m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 98% 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 of Michigan Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Iowa Health Foundation ($17.6m), Bronson Nursing and Rehabilitation Center ($17.6m) and Health Care Center for the Homeless Inc ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $1.2m (10% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $140.8m against liabilities of $1.4m, net assets of $139.4m. It reported 32 employees.