Le Bonheur Childrens Hospital Foundation

Analysis

Le Bonheur Childrens Hospital Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2003, 23 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 December 2023, Le Bonheur Childrens Hospital Foundation reported income of $25.4m and spending of $13.7m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.1m to $25.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Le Bonheur Childrens Hospital Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Scott & White Continuing Care Hospital ($25.4m), Spring Branch Community Health Center ($25.4m) and Presbyterian Homes Bloomington Care Center Inc ($25.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $113.6m against liabilities of $326k, net assets of $113.3m. It reported 44 employees.