Childrens Health Foundation Inc

Analysis

Childrens Health Foundation Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 1986, 40 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 Foundation Inc reported income of $12.9m and spending of $17.4m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.8m to $12.9m (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2023, when income rose by 445%. Over the whole period it spent 135% 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 Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Bluewest Opportunities Inc ($12.9m), Ulta Beauty Charitable Foundation ($12.9m) and Recovery Health Services Inc ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $165.8m against liabilities of $219k, net assets of $165.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.