Hospital for Sick Children Foundation

Analysis

Hospital for Sick Children Foundation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending March 2023, Hospital for Sick Children Foundation reported income of $247.3m and spending of $247.6m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $182.2m to $247.3m (+36%), an average of +7.9% a year. The sharpest change came in the year to March 2021, when income rose by 52%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospital for Sick Children Foundation 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. Charities of a similar size with the same main cause include BCFS Health and Human Services ($246.1m), Sco Family of Services ($257.2m) and Pacific Clinics ($245.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $5.0m (2.0% of expenses). Other salaries and wages came to $22.1m. It paid $8.8m in professional fundraising fees. At year end it held assets of $1.41bn against liabilities of $26.8m, net assets of $1.38bn.