Childrens Hospital Los Angeles

Analysis

Childrens Hospital Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1967, 59 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 June 2023, Childrens Hospital Los Angeles reported income of $1.61bn and spending of $1.65bn, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.56bn to $1.61bn (+3.3%), an average of +0.8% 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, Childrens Hospital Los Angeles 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 Caresource Georgia Co ($1.61bn), Main Line Hospitals Inc ($1.61bn) and Prisma Health-Midlands ($1.60bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $11.9m (0.7% of expenses). Other salaries and wages came to $737.1m. At year end it held assets of $2.70bn against liabilities of $955.0m, net assets of $1.74bn. It reported 7,947 employees.