Seattle Childrens Hospital

Analysis

Seattle Childrens Hospital is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1986, 40 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, Seattle Childrens Hospital reported income of $2.33bn and spending of $2.31bn, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.87bn to $2.33bn (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 16%. 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, Seattle 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 WA. Charities of a similar size with the same main cause include Fred Hutchinson Cancer Center ($2.32bn), VNS Choice ($2.34bn) and Shands Teaching Hospital and Clinics Inc ($2.32bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $8.2m (0.4% of expenses). Other salaries and wages came to $927.5m. At year end it held assets of $4.90bn against liabilities of $1.71bn, net assets of $3.18bn. It reported 11,236 employees.