Children's Hospital Medical Center of Akron

Children's Hospital Medical Center of Akron

Akron, OH, US
501(c)3
EIN
34-0714357
Hospital
Regional Funder

Children's Hospital Medical Center of Akron

Akron, OH, US
501(c)3
EIN
34-0714357
Hospital
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,540,288,244

Program Services
94%
Investments
3%
Other
2%
Government Grants
<1%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$1,353,888,762

Salaries & Benefits
60%
Other
25%
Fees to Service Providers
7%
Depreciation
5%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,435,342
$2,018,656
+41%
Government Grants
$5,007,534
$5,369,685
+7%
Fundraising Events
$706,785
$1,210,853
+71%
Program Services
$1,300,095,952
$1,453,633,921
+12%
Membership Dues
$0
$0
-
Investments
$26,391,329
$41,014,565
+55%
Other
$49,553,732
$37,040,564
-25%
Total Revenues
$1,383,190,674
$1,540,288,244
+11%
Expenses
2023
2024
Change
Grants
$758,555
$1,119,495
+48%
Benefits to Members
$0
$0
-
Salaries & Benefits
$757,528,153
$811,866,439
+7%
Fees to Service Providers
$83,805,064
$89,350,671
+7%
Advertising & Promotion
$10,533,032
$13,193,450
+25%
Offices, Occupancy & IT
$22,897,809
$25,284,939
+10%
Interest
$8,467,272
$8,378,924
-1%
Depreciation
$64,955,808
$62,652,436
-4%
Other
$302,343,028
$342,042,408
+13%
Total Expenses
$1,251,288,721
$1,353,888,762
+8%
Net income
2023
2024
Change
Net income
+$131,901,953
+$186,399,482
+41%
Functional Expenses
Summary
2023
2024
Change
Program
$940,451,019
$1,060,873,971
+13%
Admin
$310,837,702
$286,647,762
-8%
Fundraising
$0
$6,367,029
-
Total Expenses
$1,251,288,721
$1,353,888,762
+8%
Income Statement
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