Vcu Health Childrens Services at Brook Road

Analysis

Vcu Health Childrens Services at Brook Road is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1941, 85 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, Vcu Health Childrens Services at Brook Road reported income of $21.1m and spending of $21.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.6m to $21.1m (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income dropped by 40%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vcu Health Childrens Services at Brook Road sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Horizons Mental Health Center ($21.1m), Primary Care Providers for Healthy Feleciana ($21.1m) and Wayne County Hospital Inc ($21.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $278k (1.3% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $81.5m against liabilities of $88.5m, net assets of -$7.0m. It reported 233 employees.