Miami Childrens Health System Inc
80% goes to programs $1 to raise $100 Strong reserves Growing revenue
Miami Childrens Health System Inc is a 501(c)(3) organization based in Miami, Florida, registered in 2013, with $362,021,340 in FY2024 revenue. CharityIndex grades it B+, and it directs about 80% of spending to programs.
3100 Sw 62nd Ave, Miami, FL, 33155 EIN 45-3481327 Since 2013
Revenue (FY2024)
$362.0M
▲ 11.7% vs prior year
Health median: $840K
Expenses (FY2024)
$449.3M
Net assets
$1.0B
Employees
1,576
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating80% to programs · $1 to raise $100
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 Miami Childrens Health System Inc: 80% to programs · $1 to raise $100 earns a B+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating28 mo reserves · -24% margin
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 Miami Childrens Health System Inc: 28 mo reserves · -24% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Miami Childrens Health System Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Miami Childrens Health System Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To perform the functions of, or to carry out the purposes of, nicklaus children's hospital and its affiliated entities.
Contact & location
- Address
- 3100 Sw 62nd Ave, Miami, FL, 33155
- City
- Miami
- State
- Florida
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2013) to $362.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $225.5MNet assets $1.0B
Operating margin
-24.1%
Spent more than it raised in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$225.5M
Net assets
$1.0B
Salaries & benefits
$282.1M
63% of expenses
Board members
19
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $362,021,340▲11.7% | $449,334,294▲9.4% | $1,049,003,197▲9.6% | $1,274,544,107▲12.5% | 990 |
| 2023 | $324,059,026▲10.1% | $410,738,878▲22.2% | $956,961,088▲12.0% | $1,133,191,352▲13.3% | 990 |
| 2022 | $294,404,944▲22.1% | $336,188,441▲26.7% | $854,390,690▼1.9% | $999,802,390▼3.0% | 990 |
| 2021 | $241,176,093▲103% | $265,361,642▲124% | $871,247,831▲27.9% | $1,030,724,418▲32.5% | 990 |
| 2020 | $118,643,924▼3.0% | $118,643,924▲4.4% | $681,207,986▲2.6% | $777,804,932▲4.8% | 990 |
| 2019 | $122,267,186▲1.0% | $113,667,533▼1.7% | $663,977,017▼5.5% | $741,992,037▼4.9% | 990 |
| 2018 | $121,100,980▲1.3% | $115,678,165▲14.8% | $702,375,783▼3.4% | $780,176,705▼0.9% | 990 |
| 2017 | $119,584,049▲5.0% | $100,780,170▲1.5% | $726,723,037▲3.6% | $787,444,096▲2.5% | 990 |
| 2016 | $113,920,240▲30.2% | $99,282,158▲12.7% | $701,634,166▲11.5% | $768,111,202▲12.2% | 990 |
| 2015 | $87,515,171 | $88,056,137 | $629,036,610 | $684,500,864▲1369001628% | 990 |
| 2014 | $0 | $0 | $0 | $50 | 990EZ |
| 2013 | $0 | $0▼100% | $0▼100% | $0▼100% | 990 |
| 2012 | — | $34,614,794 | $262,910 | $262,910 | 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.
Leadership & compensation (FY2024)
Highest-paid: Matthew Love — $2,255,590 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Love | President & Ceo | 20 | $2,255,590 |
| Redmond P Burke | Interim Chief Cardiovascular Surgeon | 40 | $2,069,460 |
| Joseph M Forbess | Chief Cardiovascular Surgeon | 40 | $1,681,286 |
| Toba N Niazi | Chief Neurosurgery | 40 | $1,402,195 |
| Shelly Wang | Med Dir Surg Neuromodulation | 40 | $1,322,181 |
| Stephen George | Medical Director Spine Surgery | 40 | $1,275,169 |
| Chad A Perlyn Md | Svp & President Ncps (thru 5/19/24) / Physician | 40 | $1,099,508 |
| Dawn E Javersack | Svp/cfo Health System | 20 | $911,422 |
| Jodi Laurence Esq | Svp and General Counsel | 20 | $646,818 |
| Alex Krys | Director | 0.1 | — |
| Alex Soto | Director | 0.1 | — |
| Amy Charley Esq | Secretary / Director | 0.1 | — |
| Barbara Nicklaus | Emeritus Director | 0.1 | — |
| Carlos Perez-abreu | Director | 0.1 | — |
| Jaret Davis Esq | Vice Chairman / Director | 0.1 | — |
| Jay Massirman | Director | 0.1 | — |
| John M Lie-nielsen | Director | 0.1 | — |
| Jorge Gonzalez | Director | 0.1 | — |
| Joseph Nader | Chairman / Director | 0.1 | — |
| Juan Carlos Mas | Emeritus Director | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ensemble Health Partners | Administrative Services | $40,079,745 |
| Cerner Corporation | Software License/maintenance | $8,388,176 |
| Anthony Baradat and Associates | Marketing | $5,848,763 |
| Oracle America Inc | Software License/maintenance | $2,765,554 |
| Corrohealth Inc | Physicians Services | $2,376,947 |
Grants received · $25.6M total
31 grants to Miami Childrens Health System Inc totaling $25.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Collier Community Foundation Inc | Health | 2024 | $69,716 |
| Mightycause Charitable Foundation | Unrestricted | 2024 | $54,698 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $27,650 |
| Silicon Valley Community Foundation | Health | 2024 | $25,000 |
| United Way Miami Inc | General support | 2024 | $23,243 |
| American Cancer Society Inc | Patient support | 2024 | $20,000 |
| American Cancer Society Inc | Patient support | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $9,405 |
| National Philanthropic Tr | Environment, animals | 2023 | $890,126 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $155,145 |
| Mightycause Charitable Foundation | Unrestricted | 2023 | $80,757 |
| Collier Community Foundation Inc | Health | 2023 | $68,111 |
| Donor Advised Charitable Giving | Health | 2023 | $55,304 |
| United Way Miami Inc | General support | 2023 | $44,430 |
Grants made · $15.4M in FY2024
1 grant totaling $15.4M in FY2024. All grants made by Miami Childrens Health System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Variety Childrens Hospital | Support research and hospital programs | $15,445,189 |
Similar organizations in Health
Health
Assistance Fund Inc
Orlando, FL
$341.7M
B+annual revenue
Health
Southwest Volusia Healthcare Corporation
Orange City, FL
$331.7M
A+annual revenue
Health
Doctors Hospital Inc
Coral Gables, FL
$325.4M
Aannual revenue
Memorial Hospital Flagler Inc
Palm Coast, FL
$303.3M
Aannual revenue
Health
Baptist Health System Inc
Jacksonville, FL
$299.4M
Cannual revenue
Health
Leesburg Regional Medical Center Inc
Leesburg, FL
$293.6M
Aannual revenue
Florida Hospital Zephyrhills Inc
Zephyrhills, FL
$289.2M
A+annual revenue
Health
Folx Foundation Inc
Miami Beach, FL
$435.7M
Cannual revenue
Health
South Lake Hospital Inc
Clermont, FL
$437.9M
Aannual revenue
Memorial Hospital-west Volusia Inc
Deland, FL
$285.8M
Aannual revenue
Compare Miami Childrens Health System Inc
Frequently asked questions
- Is Miami Childrens Health System Inc a legitimate nonprofit?
- Yes. Miami Childrens Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-3481327, based in Miami, Florida. Donations are tax-deductible.
- What is Miami Childrens Health System Inc's EIN?
- Miami Childrens Health System Inc's Employer Identification Number (EIN) is 45-3481327.
- How much revenue does Miami Childrens Health System Inc report?
- Miami Childrens Health System Inc reported $362,021,340 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Miami Childrens Health System Inc's spending goes to programs?
- Miami Childrens Health System Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Miami Childrens Health System Inc have?
- CharityIndex grades Miami Childrens Health System Inc B+, based on program efficiency and fundraising cost.
- How much does Miami Childrens Health System Inc's highest-paid employee make?
- The highest reported compensation on Miami Childrens Health System Inc's latest Form 990 is $2,255,590, paid to Matthew Love (President & Ceo).
More nonprofits in Miami
Explore more
Data for Miami Childrens Health System Inc (EIN 45-3481327) 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.