Children S Healing Center

Analysis

Children S Healing Center is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Children S Healing Center reported income of $9.7m and spending of $1.2m, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $734k to $9.7m (+1215%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 315%. Over the whole period it spent 27% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Children S Healing Center 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 MI. Charities of a similar size with the same main cause include Addison County Home Health & Hospice Inc ($9.7m), Memorial Medical Center Foundation ($9.7m) and St Croix Valley Shared Services Inc ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $70k (6.0% of expenses). Other salaries and wages came to $568k. At year end it held assets of $17.6m against liabilities of $2.1m, net assets of $15.5m. It reported 13 employees.