Rady Childrens Hospital Research Center

Analysis

Rady Childrens Hospital Research Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rady Childrens Hospital Research Center reported income of $23.1m and spending of $31.7m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $23.1m (+179%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rady Childrens Hospital Research Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Betterhealth a Planned Parenthood Partnership ($23.1m), Indian Creek Foundation ($23.1m) and Crescent Community Health Center ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $2.4m (7.7% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $35.6m against liabilities of $2.3m, net assets of $33.2m. It reported 103 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.