Childrens Hospital of the Kings Daughters Inc

Analysis

Childrens Hospital of the Kings Daughters Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 1934, 92 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 of the Kings Daughters Inc reported income of $646.3m and spending of $622.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $488.6m to $646.3m (+32%), an average of +7.2% a year. Over the whole period it spent 88% 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 of the Kings Daughters Inc 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 VA. Charities of a similar size with the same main cause include United Hospital Center Inc ($646.2m), The Miriam Hospital ($646.4m) and Kent County Memorial Hospital ($646.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.7m (0.3% of expenses). Other salaries and wages came to $265.1m. It paid $240k in professional fundraising fees. At year end it held assets of $1.13bn against liabilities of $310.0m, net assets of $823.0m. It reported 3,988 employees.