Childrens Hospital & Medical Center

Analysis

Childrens Hospital & Medical Center is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1948, 78 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 December 2023, Childrens Hospital & Medical Center reported income of $646.8m and spending of $602.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $469.9m to $646.8m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Hospital & Medical Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Centerlight Healthcare Inc ($646.6m), University of Virginia Physicians Group ($649.7m) and The Miriam Hospital ($646.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $4.6m (0.8% of expenses). Other salaries and wages came to $246.5m. At year end it held assets of $1.40bn against liabilities of $362.3m, net assets of $1.03bn. It reported 4,177 employees.