Gillette Childrens Hospital Foundation

Analysis

Gillette Childrens Hospital Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2021, 5 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, Gillette Childrens Hospital Foundation reported income of $10.5m and spending of $12.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $10.5m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gillette Childrens Hospital Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Virginia Health Care Foundation ($10.5m), Family Health Center Inc ($10.5m) and Sparrow Specialty Hospital ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $387k (3.1% of expenses). Other salaries and wages came to $802k. It paid $78k in professional fundraising fees. At year end it held assets of $36.2m against liabilities of $2.6m, net assets of $33.6m.