Texas Childrens Health Plan Inc

Analysis

Texas Childrens Health Plan Inc is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Childrens Health Plan Inc reported income of $3.09bn and spending of $3.12bn, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.76bn to $3.09bn (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Childrens Health Plan Inc 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 Trinity Health-Michigan ($3.04bn), Childrens Hospital Medical Center ($3.12bn) and Swedish Health Services ($3.01bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.4m (0.1% of expenses). Other salaries and wages came to $39.2m. At year end it held assets of $982.8m against liabilities of $588.4m, net assets of $394.3m. It reported 1,113 employees.