Childrens Hospital and Healthcare Services Foundation

Analysis

Childrens Hospital and Healthcare Services Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Hospital and Healthcare Services Foundation reported income of $40.0m and spending of $29.4m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.0m to $40.0m (+101%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 56% 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 and Healthcare Services Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include AIDS Service Center of Lower Manhattan Inc ($40.0m), Russell County Kentucky Hospital District Health Facility Corp Inc ($40.1m) and Mosaic Health Inc ($40.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $518k (1.8% of expenses). Other salaries and wages came to $102k. At year end it held assets of $274.8m against liabilities of $1.0m, net assets of $273.7m. It reported 26 employees.