Childrens Health System Inc

Analysis

Childrens Health System Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Health System Inc reported income of $36.8m and spending of $35.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.4m to $36.8m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Health System Inc 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 Covenant Woods ($36.8m), Ashley Inc ($36.8m) and Winn Community Health Center Inc ($36.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $2.7m (7.7% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $129.9m against liabilities of $83.3m, net assets of $46.6m. It reported 57 employees.