Childrens Hospital Los Angeles Medical Group Inc

Analysis

Childrens Hospital Los Angeles Medical Group Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Medical Group Inc reported income of $238.8m and spending of $235.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $200.5m to $238.8m (+19%), an average of +4.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Hospital Los Angeles Medical Group Inc 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 University Physicians & Surgeons Inc ($234.1m), Community Strategies Inc ($240.2m) and Lutheran Immigration and Refugee Service ($232.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $198k (0.1% of expenses). Other salaries and wages came to $170.3m. At year end it held assets of $115.2m against liabilities of $47.1m, net assets of $68.2m. It reported 225 employees.