Childrens Hospital Inc

Analysis

Childrens Hospital Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 1956, 70 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 December 2022, Childrens Hospital Inc reported income of $638.6m and spending of $513.8m, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $401.7m to $638.6m (+59%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 80% 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 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 LA. Charities of a similar size with the same main cause include Shawnee Mission Medical Center Inc ($638.6m), St Johns Hospital of the Hospital Sisters of the Third Order of St F ($639.5m) and Dartmouth-Hitchcock Clinic ($638.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.9% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $5.6m (1.1% of expenses). Other salaries and wages came to $161.8m. At year end it held assets of $2.19bn against liabilities of $343.2m, net assets of $1.84bn. It reported 2,959 employees.