Cook Childrens Physician Network

Analysis

Cook Childrens Physician Network is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in December 1996, 30 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 Physician Network reported income of $473.8m and spending of $492.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $336.4m to $473.8m (+41%), an average of +8.9% a year. Over the whole period it spent 102% 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 Physician Network 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 Chorus Community Health Plans Inc ($473.6m), University Hospitals Health System Inc ($475.5m) and Stanford Health Care Tri-Valley ($472.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $12.4m (2.5% of expenses). Other salaries and wages came to $324.4m. At year end it held assets of $122.3m against liabilities of $166.3m, net assets of -$44.0m. It reported 2,106 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.