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Health · 2023 Form 990

Childrens Hospital Corporation: $2.7B Revenue, $2.9B Expenses

Boston, Massachusetts · EIN 042774441 · Filing year 2023

Childrens Hospital Corporation reported $2.7B in total revenue, $2.9B in total expenses, and $8.1B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $19.4M (0.72% of revenue). NonprofitTruth efficiency grade: B (68/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
68/100

Key Facts (2023 Form 990)

Total Revenue
$2.7B
Total Expenses
$2.9B
Total Assets
$8.1B
Reserve Months
33.7 months
Surplus / (Deficit)
$-162,141,920
EIN
042774441
Latest 990 Year
2023
Current-Officer Compensation
$19.4M
Officer Comp % of Revenue
0.72%

Childrens Hospital Corporation grades a B on the NonprofitTruth efficiency rubric. 68/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

On revenue, Childrens Hospital Corporation is among the largest U.S. nonprofits: $2.7B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Reserves are the limiting factor: Childrens Hospital Corporation carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Childrens Hospital Corporation reported $2.7B in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: Childrens Hospital Corporation reports $19.4M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $2.7B in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Childrens Hospital Corporation is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.


$2.7B
Revenue
$2.9B
Expenses
$8.1B
Total Assets
$19.4M
Officer Compensation

How Childrens Hospital Corporation Compares

Childrens Hospital Corporation earns a NonprofitTruth efficiency grade of B (68/100). That is 10 points below the Health category average. Compensation for current officers and key employees represents 0.72% of total revenue. The organization holds 33.7 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$2.9B
Total Expenses
Filing year 2023
$19.4M
Officer Compensation
0.72% of revenue
33.7 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Childrens Hospital Corporation reported $2.7B in revenue against $2.9B in total functional expenses for filing year 2023, holding roughly 33.7 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $19.4M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.72% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Childrens Hospital Corporation has a NonprofitTruth Efficiency Score of B (68/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Childrens Hospital Corporation, Donor FAQ

Childrens Hospital Corporation has a NonprofitTruth Efficiency Score of B (68/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Childrens Hospital Corporation reports $19.4M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.72% of the organization's $2.7B in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Childrens Hospital Corporation reported $2.7B in annual revenue and $2.9B in total expenses for filing year 2023. The organization holds $8.1B in total assets.

Childrens Hospital Corporation holds approximately 33.7 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

Childrens Hospital Corporation is a registered 501(c) organization with EIN 042774441, based in Boston, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.