Rady Childrens Hospital Foundation San Diego

Analysis

Rady Childrens Hospital Foundation San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rady Childrens Hospital Foundation San Diego reported income of $71.7m and spending of $79.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.6m to $71.7m (+96%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rady Childrens Hospital Foundation San Diego sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Philanthropic Ventures Foundation ($71.0m), Inland Southern California 211 ($72.0m) and Give Back Foundation ($70.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.4m (1.8% of expenses). Other salaries and wages came to $6.5m. It paid $750k in professional fundraising fees. At year end it held assets of $197.0m against liabilities of $7.6m, net assets of $189.4m. It reported 69 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.