Childrens Hospital Medical Practice Corp

Analysis

Childrens Hospital Medical Practice Corp is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2022, Childrens Hospital Medical Practice Corp reported income of $15.2m and spending of $24.0m, spending 158% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $14.6m to $15.2m (+4.7%), an average of +1.5% a year. Over the whole period it spent 162% 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 Medical Practice Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Easter Seals Massachusetts Inc ($15.2m), BST Health Services Corp ($15.2m) and Family of Woodstock Inc ($15.2m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13.4m. At year end it held assets of $7.3m against liabilities of $72.1m, net assets of -$64.8m.

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.