Childrens Mercy Hospital

Analysis

Childrens Mercy Hospital is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1956, 70 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 June 2023, Childrens Mercy Hospital reported income of $2.04bn and spending of $1.78bn, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.60bn to $2.04bn (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Mercy Hospital sits at the 100th 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 MO. Charities of a similar size with the same main cause include Cooper Health System a New Jersey Non-Profit Corporation ($2.04bn), Mass General Brigham Incorporated ($2.05bn) and H Lee Moffitt Cancer Center and Research Institute Hospital Inc ($2.02bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $11.6m (0.7% of expenses). Other salaries and wages came to $827.5m. It paid $561k in professional fundraising fees. At year end it held assets of $3.02bn against liabilities of $648.6m, net assets of $2.37bn. It reported 14,423 employees.