Lucile Salter Packard Childrens Hospital at Stanford

Analysis

Lucile Salter Packard Childrens Hospital at Stanford is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in January 1984, 42 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, Lucile Salter Packard Childrens Hospital at Stanford reported income of $2.57bn and spending of $2.43bn, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.86bn to $2.57bn (+38%), an average of +8.4% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lucile Salter Packard Childrens Hospital at Stanford 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 CA. Charities of a similar size with the same main cause include Commonwealth Care Alliance Inc ($2.56bn), Hartford Hospital ($2.58bn) and Thomas Jefferson University Hospital ($2.55bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $9.2m (0.4% of expenses). Other salaries and wages came to $736.6m. At year end it held assets of $4.36bn against liabilities of $1.45bn, net assets of $2.91bn. It reported 6,787 employees.