Health Care
(E110)
IRS Verified
DX Registered
990 on File
AKRON CHILDRENS HOSPITAL FOUNDATION
Financial strength (30%)
61/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
We were founded on the principle of serving the needs of our community. Within our doors, this means treating all children as if they were our own, and turning no child or family away based on their ability to pay. In the community, this means improving access to healthcare services for children and families, enhancing public health, advancing medical or health knowledge, and reducing the burden of government or other community efforts.
Financial Overview — FY 2024
$32.0M
Total Revenue
$19.9M
Total Expenses
$162.6M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
100.0%
Fundraising Efficiency
N/A
Operating Reserve
98.01x
Liability-to-Asset
3.3%
Revenue Diversification
55.1%
Compared with Peers
FY 2024
Compared with 2,013 similar organizations
(United States, Health Care, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 84.6% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.0% | 14.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
98.0 mo | 6.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.3% | 35.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
55.1% | 92.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-28.2% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
6.1% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
37.7% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $32.0M | $19.9M | $162.6M | 100.0% | 0 |
| 2023 | $44.5M | $18.8M | $147.9M | 67.8% | 37 |
| 2022 | $22.0M | $19.5M | $189.2M | 73.7% | 36 |
| 2021 | $32.7M | $16.2M | N/A | — | 32 |
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