Texas Scottish Rite Hospital for Children

Analysis

Texas Scottish Rite Hospital for Children is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1941, 85 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 Scottish Rite Hospital for Children reported income of $398.5m and spending of $276.8m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $363.0m to $398.5m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to September 2021, when income rose by 68%. Over the whole period it spent 58% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Scottish Rite Hospital for Children sits at the 98th percentile: it is larger than about 98% 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 Kingman Healthcare Inc ($397.7m), CH Allied Services Inc ($398.7m) and Oroville Hospital ($397.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.0% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $12.4m (4.5% of expenses). Other salaries and wages came to $109.8m. At year end it held assets of $3.72bn against liabilities of $129.8m, net assets of $3.59bn. It reported 1,419 employees.