Driscoll Childrens Hospital

Analysis

Driscoll Childrens Hospital is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in July 1991, 35 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 August 2023, Driscoll Childrens Hospital reported income of $771.8m and spending of $542.2m, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $453.0m to $771.8m (+70%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Driscoll Childrens Hospital 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 TX. Charities of a similar size with the same main cause include West Virginia University Medical Corporation ($769.6m), Indiana University Health Bloomingon Inc ($773.0m) and Johns Hopkins Bayview Medical Center Inc ($767.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $8.1m (1.5% of expenses). Other salaries and wages came to $164.2m. At year end it held assets of $1.54bn against liabilities of $150.7m, net assets of $1.39bn. It reported 2,350 employees.