Childrens Clinic Network

Analysis

Childrens Clinic Network is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 Clinic Network reported income of $31.4m and spending of $32.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $49.4m to $31.4m (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Clinic Network sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Axis Community Health Inc ($31.4m), Coda Inc ($31.5m) and Brooks Home Care Advantage ($31.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 106% of the total. Compensation of current officers, directors and key employees was $172k (0.5% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $14.5m against liabilities of $10.8m, net assets of $3.7m. It reported 181 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.