Children's Medical Center Corporation
Children's Medical Center Corporation reported $500.8 million in revenue and $273.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $81.21 went to program services, $18.79 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 53.7% of the total. The highest compensation it reported for one person was $3,490,323 (Chief Executive Officer). 292 people received more than $100,000 in reportable compensation. Revenue rose 171% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $273MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $501MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.2% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.8% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 36.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $3,490,323 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.28% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 292 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 86.9 | 6.6 |
| Independent voting board members Part VI 1a–1b | 22 of 23 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseChildren's Medical Center Corporation holds and manages investments exclusively for the benefit of Children's Hospital Corporation and its affiliated organizations to support the advancement of the knowledge and practice of, and education and research in, medicine, surgery, nursing and all other subjects relating to the care, treatment and healing of infants, children, adolescents and young adults, and to improve the health and welfare of all such persons
Patient care - Activity from Boston Children's Health Physicians, LLP, a fully integrated health care community that provides pediatric physician inpatient and outpatient care to patients throughout the New York Metropolitan Area, the Hudson Valley, Connecticut and New Jersey
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chief Executive Officer Director/trustee, officer, 6.00 hrs/week | $0 | $3,311,889 | $178,434 | $3,490,323 |
| Chief Investment Officer Key employee, 5.00 hrs/week | $0 | $1,882,678 | $78,326 | $1,961,004 |
| Treasurer & EVP, System CFO Officer, 6.00 hrs/week | $0 | $1,859,177 | $94,499 | $1,953,676 |
| EVP, Health Affairs Key employee, 5.00 hrs/week | $0 | $1,448,138 | $109,811 | $1,557,949 |
| EVP, Chief Nursing Officer Key employee, 5.00 hrs/week | $0 | $1,307,311 | $104,584 | $1,411,895 |
| EVP, Hospital Chief Operating Key employee, 5.00 hrs/week | $0 | $1,301,539 | $71,714 | $1,373,253 |
| Physician Highest compensated employee, 55.00 hrs/week | $1,316,724 | $0 | $4,115 | $1,320,839 |
| EVP, Chief Scientific Officer Key employee, 5.00 hrs/week | $0 | $1,226,044 | $83,379 | $1,309,423 |
292 people received more than $100,000 in reportable compensation from Children's Medical Center Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,274
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NextGen Healthcare Inc Medical billing services | $6,945,709 |
| Health Resources in Action Inc Consulting services | $5,931,452 |
| isgenuity LLC Architecture & design services | $3,403,573 |
| Aland Royalty Holdings LP Investment management services | $3,080,744 |
| Wolf Greenfield & Sacks PC Legal services | $2,748,999 |
Individuals listed as contractors are left out. 140 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Children's Medical Center Corporation totaling $3.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Children's Medical Center Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Children's Medical Center Corporation, you can publish a response that is linked from this page.
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Of every $100 Children's Medical Center Corporation spent in FY2025, $81.21 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in Massachusetts
Questions people ask
How much of Children's Medical Center Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Children's Medical Center Corporation reported that 81.2% of its $273.4 million in expenses went to program services, 18.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Children's Medical Center Corporation pay its top executive?
The largest total compensation Children's Medical Center Corporation reported for one person in the fiscal year ending September 30, 2025 was $3,490,323, for the role of Chief Executive Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Children's Medical Center Corporation get its money?
Of $500.8 million in revenue in the fiscal year ending September 30, 2025, 0.1% came from contributions and grants and 36.6% from program service revenue (Form 990, Part VIII).
Is Children's Medical Center Corporation a registered charity?
The IRS lists EIN 04-1174680 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642269349303609 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202502259349302315 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402289349304200 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202302269349300925 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202202279349300700 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112289349300206 · read the filing
All filings for EIN 04-1174680: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.