Miami Childrens Health System Inc

Analysis

Miami Childrens Health System Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miami Childrens Health System Inc reported income of $324.1m and spending of $410.7m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122.3m to $324.1m (+165%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miami Childrens Health System Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Carle Health Medical Group ($323.6m), Rutland Hospital Inc ($324.3m) and Conway Hospital Inc ($323.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $4.6m (1.1% of expenses). Other salaries and wages came to $211.1m. It paid $276k in professional fundraising fees. At year end it held assets of $1.13bn against liabilities of $176.2m, net assets of $957.0m. It reported 1,491 employees.

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.