Childrens Hospital

Analysis

Childrens Hospital is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, Childrens Hospital reported income of $1.56bn and spending of $1.52bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.21bn to $1.56bn (+29%), an average of +6.7% a year. Over the whole period it spent 97% 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 sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include Lexington Health Inc ($1.56bn), York Hospital ($1.57bn) and The Queens Medical Center ($1.56bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $14.8m (1.0% of expenses). Other salaries and wages came to $715.7m. At year end it held assets of $2.23bn against liabilities of $1.37bn, net assets of $862.5m. It reported 9,441 employees.