Driscoll Childrens Hospital Development Foundation Inc

Analysis

Driscoll Childrens Hospital Development Foundation Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Driscoll Childrens Hospital Development Foundation Inc reported income of $4.7m and spending of $3.1m, leaving 33% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $5.9m to $4.7m (-22%), an average of -5.9% a year. The sharpest change came in the year to August 2022, when income rose by 51%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Driscoll Childrens Hospital Development Foundation Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Vision Charitable Trust ($4.7m), California Foundation for Stronger Communities ($4.7m) and FSC I&p ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $48.5m against liabilities of $0, net assets of $48.5m. It reported 15 employees.