Packard Childrens Health Alliance

Analysis

Packard Childrens Health Alliance is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 2014, 12 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 August 2023, Packard Childrens Health Alliance reported income of $136.0m and spending of $150.2m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $108.4m to $136.0m (+25%), an average of +5.8% a year. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Packard Childrens Health Alliance sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Hospital for Special Care ($136.0m), Hudson East River Systems LLC ($136.1m) and Wellmont Medical Associates Inc ($135.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.5m (1.0% of expenses). Other salaries and wages came to $25.5m. At year end it held assets of $40.5m against liabilities of $31.2m, net assets of $9.3m. It reported 486 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.