Childrens Hospital Medical Center Of Akron
EIN: 340714357 · Akron, OH · NTEE: E240
| Metric | Value |
|---|---|
| Total Revenue | $2.7B |
| Total Expenses | $1.3B |
| Net Assets | $1.6B |
Is Childrens Hospital Medical Center Of Akron Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Childrens Hospital Medical Center Of Akron
Childrens Hospital Medical Center Of Akron (EIN: 340714357) is a nonprofit organization based in Akron, OH, classified under NTEE code E240. The organization reported total revenue of $2.7B and total assets of $2.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Hospital Medical Center Of Akron's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Hospital Medical Center Of Akron is a major nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4B |
| Total Expenses | $1.3B |
| Surplus / Deficit | +$131.9M |
| Total Assets | $2.2B |
| Total Liabilities | $593.1M |
| Net Assets | $1.6B |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 26.8% |
| Months of Reserves | 21.2 months |
Financial Health Grade: A
In 2023, Childrens Hospital Medical Center Of Akron reported a surplus of $131.9M with revenue exceeding expenses, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 26.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Childrens Hospital Medical Center Of Akron's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +11.1% | +11.6% |
| 2022 | +1.8% | +10.1% | -1.3% |
| 2021 | +19.3% | +10.5% | +10.2% |
| 2020 | -1.9% | +2.0% | +8.9% |
| 2019 | +11.6% | +7.9% | +17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Childrens Hospital Medical Center Of Akron has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Childrens Hospital Medical Center Of Akron with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $131.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.8%.
Frequently Asked Questions about Childrens Hospital Medical Center Of Akron
Is Childrens Hospital Medical Center Of Akron a legitimate charity?
Based on AI analysis of IRS 990 filings, Childrens Hospital Medical Center Of Akron (EIN: 340714357) insufficient data. 0 red flags identified, 0 strengths noted.
How does Childrens Hospital Medical Center Of Akron spend its money?
Detailed spending breakdown data is not yet available for Childrens Hospital Medical Center Of Akron. Check back for updated IRS 990 analysis.
Are donations to Childrens Hospital Medical Center Of Akron tax-deductible?
Childrens Hospital Medical Center Of Akron is registered as a tax-exempt nonprofit (EIN: 340714357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Childrens Hospital Medical Center Of Akron located?
Childrens Hospital Medical Center Of Akron is headquartered in Akron, Ohio and files with the IRS under EIN 340714357. It is classified under NTEE code E240.
How many years of IRS 990 filings does Childrens Hospital Medical Center Of Akron have?
Childrens Hospital Medical Center Of Akron has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7B in total revenue.
Filing History
IRS 990 filing history for Childrens Hospital Medical Center Of Akron showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Childrens Hospital Medical Center Of Akron's revenue has grown by 163.8%, moving from $524.4M to $1.4B. Total assets increased by 230.1% over the same period, from $670.3M to $2.2B. Total functional expenses rose by 159.7%, from $481.7M to $1.3B. In its most recent filing year (2023), Childrens Hospital Medical Center Of Akron reported a surplus of $131.9M, with revenue exceeding expenses. The organization holds $593.1M in liabilities against $2.2B in assets (debt-to-asset ratio: 26.8%), resulting in net assets of $1.6B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4B | $1.3B | $2.2B | $593.1M | — | View 990 |
| 2022 | $1.2B | $1.1B | $2.0B | $565.3M | — | View 990 |
| 2021 | $1.2B | $1.0B | $2.0B | $564.7M | — | View 990 |
| 2020 | $994.9M | $925.6M | $1.8B | $576.9M | — | View 990 |
| 2019 | $1.0B | $907.5M | $1.7B | $608.8M | — | View 990 |
| 2018 | $909.3M | $841.2M | $1.4B | $500.2M | — | View 990 |
| 2017 | $873.5M | $801.3M | $1.4B | $543.3M | — | View 990 |
| 2016 | $814.7M | $750.6M | $1.2B | $527.3M | — | View 990 |
| 2015 | $765.3M | $693.6M | $1.2B | $500.3M | — | View 990 |
| 2014 | $709.8M | $617.9M | $1.1B | $529.8M | — | View 990 |
| 2013 | $620.2M | $578.1M | $991.3M | $448.7M | — | View 990 |
| 2012 | $577.5M | $545.2M | $790.4M | $395.7M | — | View 990 |
| 2011 | $524.4M | $481.7M | $670.3M | $341.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4B, expenses of $1.3B, and assets of $2.2B (revenue +14.5% year-over-year).
- 2022: Revenue of $1.2B, expenses of $1.1B, and assets of $2.0B (revenue +1.8% year-over-year).
- 2021: Revenue of $1.2B, expenses of $1.0B, and assets of $2.0B (revenue +19.3% year-over-year).
- 2020: Revenue of $994.9M, expenses of $925.6M, and assets of $1.8B (revenue -1.9% year-over-year).
- 2019: Revenue of $1.0B, expenses of $907.5M, and assets of $1.7B (revenue +11.6% year-over-year).
- 2018: Revenue of $909.3M, expenses of $841.2M, and assets of $1.4B (revenue +4.1% year-over-year).
- 2017: Revenue of $873.5M, expenses of $801.3M, and assets of $1.4B (revenue +7.2% year-over-year).
- 2016: Revenue of $814.7M, expenses of $750.6M, and assets of $1.2B (revenue +6.4% year-over-year).
- 2015: Revenue of $765.3M, expenses of $693.6M, and assets of $1.2B (revenue +7.8% year-over-year).
- 2014: Revenue of $709.8M, expenses of $617.9M, and assets of $1.1B (revenue +14.4% year-over-year).
- 2013: Revenue of $620.2M, expenses of $578.1M, and assets of $991.3M (revenue +7.4% year-over-year).
- 2012: Revenue of $577.5M, expenses of $545.2M, and assets of $790.4M (revenue +10.1% year-over-year).
- 2011: Revenue of $524.4M, expenses of $481.7M, and assets of $670.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Hospital Medical Center Of Akron:
Data Sources and Methodology
This transparency report for Childrens Hospital Medical Center Of Akron is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.