Childrens Hospital Corporation is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1983, with $3,165,214,831 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
Revenue (FY2023)
$3.2B
▲ 16.7% vs prior year
Health median: $840K
Expenses (FY2023)
$3.2B
Net assets
$5.4B
Employees
17,819
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Childrens Hospital Corporation: 85% to programs · $7 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Childrens Hospital Corporation: 20 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Childrens Hospital Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Childrens Hospital Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Provider of pediatric healthcare, education, research & community service
Research: our research mission is to be the leading source of research and discovery. we are the leader in discovery and innovation that is dramatically advancing not only pediatric care but adult care as well. we have the world's largest pediatric research program for many reasons. the most important reason is our focus on our patients. we are constantly evolving care and caring for increasingly complex patients. every child who walks through our doors teaches us something. more than 3,000 basic, clinical, and translational research employees work in our dedicated facilities, which total some 1 million square feet of space.our more than 1,100 investigators include 13 members of the national academy of sciences, 30 members of the national academy of medicine, 25 fellows of the american academy of arts and sciences, 13 fellows of the american academy for the advancement of sciences, 12 current members and 13 alumni of the howard hughes medical institute. twenty-seven faculty are members of the american association of physicians and 47 are members of the american society of clinical investigation. over the years, four boston children's investigators have won the nobel prize and six have won the nearly equally prestigious lasker award.our investigators are harvard medical school faculty basic scientists, clinical researchers and epidemiologists - who are accelerating the pace of medical discovery from brainstorm to bench to bedside. our researchers were the first to develop 10 new disease-based stem cell lines by reprogramming adult stem cells that can be used to study treatments for diseases ranging from parkinson's to diabetes.
Teaching: boston children's is committed to providing high quality continuing education for pediatric providers and specialists throughout the world. as the primary pediatric teaching affiliate of harvard medical school, more than 2,000 of our attending physicians and researchers are on the clinical frontier of effectively understanding and treating many pediatric diseases and disorders.we are proud to be the primary teaching hospital of harvard medical school, and our nursing department partners with 27 schools of nursing throughout massachusetts and new england. we are home to the largest and most competitive training program in pediatrics, seeding the word with the next generations of scientists, innovators and caregivers.in 2024, our continuing education office earned reaccreditation with commendation from joint accreditation for interprofessional continuing education, the organization consisting of the three global leaders in the field of accreditation. commendation status represents the pinnacle of accreditation for interprofessional education, reflecting our steadfast dedication to upholding the highest standards in healthcare education and collaborative practice. it reflects our demonstrated commitment to using our education platform to listen to the patient's voice, consider the social determinants of health and population outcomes, pursue research and scholarship in education, and ultimately to improve healthcare.we offer more than 70 training programs (44 are accredited - more than any other freestanding children's hospital). we host over 500 boston children's-based residents and clinical fellows annually, selected for their potential leadership in their respective fields and their commitment to advancing the frontiers of pediatric care. a 24-year analysis of residents who have graduated from our department of medicine found that roughly 40% go on to become leaders in academic medicine, filling positions such as deans, chairs and program heads across the country. more than one third of the chiefs of pediatric departments across the country trained at boston children's.our simulation program, immersive design systems, is the first hospital-based simulator program at a teaching hospital in new england. our goal is to make "practice prior to game time" part of healthcare routine, offering a full
Revenue grew from $1.5B (FY2013) to $3.2B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.9B
Total liabilities
$3.5B
Net assets
$5.4B
Salaries & benefits
$1.4B
44% of expenses
Board members
19
18 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,165,214,831▲16.7% | $3,150,537,035▲9.6% | $5,364,325,924▲5.4% | $8,899,360,805▲10.1% | 990 |
| 2022 | $2,712,815,226▲8.8% | $2,874,957,146▲18.4% | $5,088,964,217 | $8,080,111,478▲1.6% | 990 |
| 2021 | $2,493,039,815▲10.9% | $2,428,663,560▲13.9% | $5,088,637,343▼1.6% | $7,956,588,388▲0.4% | 990 |
| 2020 | $2,249,005,779▲10.1% | $2,131,809,179▲7.3% | $5,172,049,229▲13.3% | $7,923,756,569▲5.9% | 990 |
| 2019 | $2,042,518,732▼0.2% | $1,986,815,891▲4.0% | $4,565,716,741▲8.4% | $7,478,850,382▲18.1% | 990 |
| 2018 | $2,046,728,408▲1.3% | $1,910,017,857▲6.0% | $4,210,380,495▲3.7% | $6,333,481,693▲5.9% | 990 |
| 2017 | $2,019,654,789▲7.7% | $1,802,072,892▲3.2% | $4,059,599,985▲13.8% | $5,982,517,057▲8.2% | 990 |
| 2016 | $1,875,033,535▲13.0% | $1,746,437,406▲9.3% | $3,567,848,811▲12.2% | $5,531,469,270▲13.9% | 990 |
| 2015 | $1,659,001,037▲5.7% | $1,597,940,706▲9.4% | $3,179,231,529▲1.9% | $4,856,437,562▲4.9% | 990 |
| 2014 | $1,569,063,479▲3.6% | $1,461,285,943▲4.1% | $3,118,503,751▲1.2% | $4,627,706,004▲3.9% | 990 |
| 2013 | $1,514,532,808 | $1,403,456,656▲4.8% | $3,080,045,042▲8.4% | $4,453,644,764▲10.6% | 990 |
| 2012 | — | $1,339,161,818▲2.2% | $2,842,446,786▲17.8% | $4,026,419,766▲8.9% | 990 |
| 2011 | — | $1,310,356,228▼0.4% | $2,413,789,624▲13.3% | $3,698,015,571▲9.7% | 990 |
| 2010 | — | $1,316,184,583▲2.1% | $2,129,572,981▲14.9% | $3,369,546,205▲9.9% | 990 |
| 2009 | — | $1,289,575,624 | $1,852,729,107 | $3,065,308,985 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Kevin Churchwell Md — $3,062,633 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Churchwell Md | President & Ceo | 55 | $3,062,633 |
| Philip Rotner | Chief Investment Officer | 55 | $1,976,654 |
| Doug Vanderslice | Evp, Cfo & Treasurer | 55 | $1,604,073 |
| Peter Laussen Md | Evp, Health Affairs | 55 | $1,255,547 |
| Michele Garvin Esq | Evp, Chief of Staff | 55 | $1,201,614 |
| Nancy Andrews | Evp, Chief Scientific Officer | 55 | $1,169,328 |
| Demosthenes Argys | Evp, Hospital Chief Operating Officer, Cco | 55 | $1,085,881 |
| Laura J Wood Dnp Ms Rn | Evp, Chief Nursing Officer | 55 | $1,005,064 |
| Lisa Abbott | Evp, Chief Human Resources Officer | 55 | $979,532 |
| Lynn Susman | Evp, Chief Development Off | 55 | $973,008 |
| Stacy Drury | Department Chief, Psychiatry | 55 | $950,877 |
| Sandra Fenwick | Former President & Ceo | 0 | $939,289 |
| Martin Kelly | Director, Investments | 55 | $863,256 |
| Heather Nelson | Svp, Chief Information Off | 55 | $846,498 |
| Nirav Desai | Director, Investments | 55 | $803,146 |
| Cynthia Haines | Svp, National & International Services | 55 | $783,533 |
| Patricia Hickey Phd Mba Rn Nea-bc | Svp, Nursing/patient Care | 55 | $783,148 |
| Lisa Hogarty | Svp, Re Planning and Devel | 55 | $779,598 |
| Nader Rifai Phd | Director, Lab Medicine | 55 | $667,474 |
| Steven Luber | Svp, Finance | 55 | $663,304 |
| Contractor | Services | Paid |
|---|---|---|
| Suffolk Construction | Construction Services | $104,248,024 |
| Turner Construction Company | Construction Services | $67,068,643 |
| Vaya Workforce Solution LLC | Staffing Services | $65,926,684 |
| Wise Construction | Construction Services | $58,638,973 |
| Vpne Parking Solutions | Parking/security Services | $27,164,189 |
974 grants to Childrens Hospital Corporation totaling $752.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Silicon Valley Community Foundation | Health | 2024 | $2,801,000 |
| American Heart Association Inc | Research | 2024 | $2,333,080 |
| Cystic Fibrosis Foundation | Adherence | 2024 | $1,738,647 |
| Fidelity Non-profit Management Foundation | Discovery research (science) | 2024 | $1,385,000 |
| The Albertsons Companies Foundation | People with disabilities | 2024 | $1,189,396 |
| Breakthrough T1d | T1d research | 2024 | $933,731 |
| Cystic Fibrosis Foundation | Clinical research center | 2024 | $931,134 |
| Blood Cancer United Inc | Research grant | 2024 | $750,000 |
| Cystic Fibrosis Foundation | Clinical research study | 2024 | $716,089 |
| American Online Giving Foundation Inc | General support | 2024 | $677,251 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $539,799 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $510,000 |
| Cystic Fibrosis Foundation | Research | 2024 | $436,054 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $401,111 |
| American Lung Association | Research | 2024 | $350,000 |
109 grants totaling $13.3M in FY2023 — showing the 15 largest. All grants made by Childrens Hospital Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Boston | Community partnership | $2,007,287 |
| Boston Public Schools | Community partnership | $822,000 |
| Boston Public Health Commission | Community partnership | $410,000 |
| Dothouse Health Inc | Community partnership | $357,276 |
| Bostons Higher Ground | Community partnership | $334,000 |
| Dudley Street Neighborhood Initiative Inc | Community partnership | $331,455 |
| Boston Chinatown Neighborhood Center Inc | Community partnership | $324,448 |
| Jamaica Plain Neighborhood Development Corporation | Community partnership | $305,463 |
| Massachusetts Society For the Prevention of Cruelty To Children | Advocacy support | $296,727 |
| City of Boston - Fund For Parks & Recreation | Community partnership | $280,000 |
| William James College Inc | Community partnership | $253,000 |
| Codman Square Health Center Inc | Support of community health center | $250,000 |
| Umass Birch Center | Support of community health center | $249,776 |
| East Boston Social Centers Inc | Community partnership | $200,000 |
| City of Boston - Office of Early Childhood | Community partnership | $200,000 |
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Data for Childrens Hospital Corporation (EIN 04-2774441) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.