Cook Childrens Medical Center - Prosper

Analysis

Cook Childrens Medical Center - Prosper is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2021, 5 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 - Prosper reported income of $50.1m and spending of $93.0m, spending 185% of what it took in. The sharpest change came in the year to September 2023, when income rose by 197742%. Over the whole period it spent 212% 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 - Prosper sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Ryder Memorial Hospital Inc ($50.1m), Stonewall Jackson Memorial Hospital Company ($50.2m) and Providence Health & Services Foundation ($50.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $742k (0.8% of expenses). Other salaries and wages came to $29.0m. At year end it held assets of $243.0m against liabilities of $299.4m, net assets of -$56.4m. It reported 350 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.