Cook Childrens Medical Center

Analysis

Cook Childrens Medical Center is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 1985, 41 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, Cook Childrens Medical Center reported income of $1.92bn and spending of $1.52bn, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.19bn to $1.92bn (+61%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cook Childrens Medical Center 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 St Elizabeth Medical Center Inc ($1.92bn), The Moses H Cone Memorial Hospital Operating Corporation ($1.93bn) and Methodist Hospitals of Dallas ($1.92bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.2m (0.4% of expenses). Other salaries and wages came to $399.3m. At year end it held assets of $1.91bn against liabilities of $794.9m, net assets of $1.12bn. It reported 5,826 employees.