Friends of Childrens Hospital Inc

Analysis

Friends of Childrens Hospital Inc is a registered charity in United States, based in Flowood, MS. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Childrens Hospital Inc reported income of $2.7m and spending of $2.9m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.7m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Childrens Hospital Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within MS. Charities of a similar size with the same main cause include Mental Health Association of Rochester-Monroe County Incorporat ($2.7m), American Association of Kidney Patients Inc ($2.7m) and Christian Care Nursing Center Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $85k (2.9% of expenses). Other salaries and wages came to $166k. At year end it held assets of $4.9m against liabilities of $5.1m, net assets of -$204k. It reported 5 employees.