Childrens Health Care

Analysis

Childrens Health Care is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1994, 32 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, Childrens Health Care reported income of $1.14bn and spending of $1.12bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $979.2m to $1.14bn (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Health Care 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 MN. Charities of a similar size with the same main cause include Virtu-West Jersey Health System Inc ($1.14bn), Kettering College ($1.14bn) and Capital Health System Inc ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $11.8m (1.0% of expenses). Other salaries and wages came to $484.5m. At year end it held assets of $1.85bn against liabilities of $533.7m, net assets of $1.32bn. It reported 6,590 employees.