Childrens Medical Center Research Institute at the University of Tex

Analysis

Childrens Medical Center Research Institute at the University of Tex is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Childrens Medical Center Research Institute at the University of Tex reported income of $8.8m and spending of $8.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $8.8m (+90%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Medical Center Research Institute at the University of Tex sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Newark Emergency Center Inc ($8.8m), United Cerebral Palsy Association of Central California Inc ($8.8m) and Kansas State University Research Foundation ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $115k (1.3% of expenses). Other salaries and wages came to $577k. At year end it held assets of $5.1m against liabilities of $39.9m, net assets of -$34.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.