Children's Hospital Corporation
Also known as Boston Children's Hospital
Children's Hospital Corporation reported $3.59 billion in revenue and $3.53 billion in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $85.50 went to program services, $13.12 to management and general costs and $1.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.8% of the total. Government grants made up 9.6%. The highest compensation it reported for one person was $3,490,323 (Chief Executive Officer). 4,893 people received more than $100,000 in reportable compensation. Revenue rose 76% 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 $3.53BFor 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 $3.59BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.6% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 76.8% | 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) | 0.10% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 4,893 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.2 | 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 expenseCLINICAL CARE: The services we offer from well child visits and treatment for typical child health issues (broken bones, tonsillitis, etc.) to chronic care (asthma, diabetes, obesity, etc.) and specialty services (oncology, cardiology, neurology) benefit from our clinicians' high level of specialization, our collaboration with research scientists (many of whom are also physicians) affiliated with the hospital, and our significant investments in equipment, facilities and clinical and support staff. Boston Children's is the safety net institution for very sick children throughout the region…
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…
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, our more than 2,000 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…
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, 55.00 hrs/week | $3,311,889 | $0 | $178,434 | $3,490,323 |
| Chief Investment Officer Key employee, 55.00 hrs/week | $1,882,678 | $0 | $78,326 | $1,961,004 |
| Treasurer & EVP, System CFO Officer, 55.00 hrs/week | $1,859,177 | $0 | $94,499 | $1,953,676 |
| EVP, Health Affairs Key employee, 55.00 hrs/week | $1,448,138 | $0 | $109,811 | $1,557,949 |
| EVP, Chief Nursing Officer Key employee, 55.00 hrs/week | $1,307,311 | $0 | $104,584 | $1,411,895 |
| EVP, Hospital Chief Operating Key employee, 55.00 hrs/week | $1,301,539 | $0 | $71,714 | $1,373,253 |
| EVP, Chief Scientific Officer Key employee, 55.00 hrs/week | $1,226,044 | $0 | $83,379 | $1,309,423 |
| SVP, RE Planning and Development Key employee, 55.00 hrs/week | $1,105,116 | $0 | $72,491 | $1,177,607 |
4,893 people received more than $100,000 in reportable compensation from Children's Hospital Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $23M (Part IX, line 5).
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 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 518,275
- Volunteers Part I, line 6421
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Turner Construction Company Construction services | $128,711,318 |
| Wise Construction Construction services | $68,542,635 |
| Suffolk Construction Construction services | $59,654,634 |
| Impact Advisors LLC Consulting services | $56,618,513 |
| Skanska USA Building Inc Construction services | $40,021,275 |
Individuals listed as contractors are left out. 1,013 contractors were paid more than $100,000 in all.
Private foundation grants it received
202 private foundations reported grants to Children's Hospital Corporation totaling $32M 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 Hospital 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 Hospital Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Children's Hospital Corporation spent in FY2025, $85.50 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of Chicago Medical CenterChicago, IL · revenue $3.57B · programs 92.1% · FY2025
- The Methodist HospitalHouston, TX · revenue $3.60B · programs 85.4% · 2024
- Children's Hospital Medical CenterCincinnati, OH · revenue $3.57B · programs 78.5% · FY2025
- Health Share of OregonPortland, OR · revenue $3.60B · programs 99.4% · 2024
- Trinity Health - MichiganLivonia, MI · revenue $3.55B · programs 90.4% · FY2025
All health care charities · Largest charities in Massachusetts
Questions people ask
How much of Children's Hospital Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Children's Hospital Corporation reported that 85.5% of its $3.53 billion in expenses went to program services, 13.1% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Children's Hospital Corporation pay its top executive?
The largest total compensation Children's Hospital 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 Hospital Corporation get its money?
Of $3.59 billion in revenue in the fiscal year ending September 30, 2025, 16.7% came from contributions and grants (including 9.6% from government grants) and 76.8% from program service revenue (Form 990, Part VIII).
Is Children's Hospital Corporation a registered charity?
The IRS lists EIN 04-2774441 as a 501(c)(3) organization (hospital or medical research organization), 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 202632279349300908 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532259349302368 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202422289349303527 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202302269349301075 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212279349300801 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112289349300901 · read the filing
All filings for EIN 04-2774441: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.