Shriners Hospitals for Children

Analysis

Shriners Hospitals for Children is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1937, 89 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 December 2023, Shriners Hospitals for Children reported income of $1.11bn and spending of $1.04bn, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $815.8m to $1.11bn (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shriners Hospitals for Children 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Legacy Emanuel Hospital & Health Center ($1.11bn), Parkview Health System Inc ($1.11bn) and Baptist Health of South Florida Inc ($1.10bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $2.1m (0.2% of expenses). Other salaries and wages came to $358.4m. It paid $22.8m in professional fundraising fees. At year end it held assets of $10.83bn against liabilities of $786.6m, net assets of $10.05bn. It reported 5,687 employees.