Phoenix Childrens Hospital

Analysis

Phoenix Childrens Hospital is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Phoenix Childrens Hospital reported income of $1.48bn and spending of $1.32bn, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.04bn to $1.48bn (+42%), an average of +9.2% a year. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phoenix Childrens Hospital 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 AZ. Charities of a similar size with the same main cause include Piedmont Healthcare Inc ($1.48bn), Altamed Health Services Corp ($1.48bn) and Ann & Robert H Lurie Childrens Hospital of Chicago ($1.47bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $14.7m (1.1% of expenses). Other salaries and wages came to $660.4m. At year end it held assets of $2.68bn against liabilities of $1.24bn, net assets of $1.44bn. It reported 8,656 employees.