Childrens Medical Research Inc

Analysis

Childrens Medical Research Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover medical research, 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 March 2024, Childrens Medical Research Inc reported income of $5.6m and spending of $9.9m, spending 176% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $7.1m to $5.6m (-20%), an average of -5.4% a year. The sharpest change came in the year to March 2021, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Medical Research Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Alcoholism Services of Knoxville Inc ($5.6m), North Central Accountable Community of Health ($5.6m) and H Street Clinic Inc ($5.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $229k (2.3% of expenses). Other salaries and wages came to $773k. At year end it held assets of $19.2m against liabilities of $2.2m, net assets of $17.0m. It reported 18 employees.