Lucile Packard Foundation for Childrens Health

Analysis

Lucile Packard Foundation for Childrens Health is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in July 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lucile Packard Foundation for Childrens Health reported income of $131.7m and spending of $207.7m, spending 158% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $160.0m to $131.7m (-18%), an average of -4.8% a year. The sharpest change came in the year to August 2021, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lucile Packard Foundation for Childrens Health sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include National Council of State Boards of Nursing Inc ($131.7m), Tarzana Treatment Centers Inc ($132.1m) and Jane Phillips Memorial Medical Center Inc ($131.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $3.2m (1.6% of expenses). Other salaries and wages came to $17.5m. It paid $104k in professional fundraising fees. At year end it held assets of $396.4m against liabilities of $59.0m, net assets of $337.4m. It reported 153 employees.