Texas Childrens Hospital

Analysis

Texas Childrens Hospital is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in November 2004, 22 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 September 2023, Texas Childrens Hospital reported income of $3.83bn and spending of $3.64bn, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.60bn to $3.83bn (+47%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Childrens Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Umass Memorial Health Care Inc ($3.73bn), Commonspirit Health ($3.88bn) and North Shore University Hospital ($3.69bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $51.4m (1.4% of expenses). Other salaries and wages came to $1.15bn. It paid $2.0m in professional fundraising fees. At year end it held assets of $7.31bn against liabilities of $2.05bn, net assets of $5.26bn. It reported 14,387 employees.