Health Care (E240) IRS Verified DX Registered 990 on File

CONNECTICUT CHILDRENS MEDICAL CENTER

EIN: 06-0646755 · HARTFORD, CT 06106-3322 · United States · FY 2024 Data

3 out of 5 57 / 100 Based on 2+ years of filings

Financial strength (30%) 89/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

MISSION STATEMENT To promote and enhance excellence in education in Avon, Connecticut by providing funding and other resources for public programs which encourage, recognize and facilitate educational providers and students who initiate innovative and creative learning projects; To provide independent financial resources for educational initiatives which (i) develop financial support for qualifying educational projects, enrichment programs and other educational initiatives; and (ii) increase awareness of, involvement in and support for public education in Avon by, students, parents, educators, alumni, the business community, the Avon community at large and other appropriate parties; and To work in close collaboration with the Board of Education of the Avon Public School System and school administrators, teachers and other professional school personnel, and municipal departments of the Town of Avon to identify, evaluate, sponsor, create, develop, assist and support innovative or additional educational programs and initiatives.

Financial Overview — FY 2024

$637.6M

Total Revenue

$547.6M

Total Expenses

$579.4M

Net Assets

2692

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 72.6%

Fundraising Efficiency N/A

Operating Reserve 12.70x

Liability-to-Asset 42.9%

Revenue Diversification 81.7%

Executive Compensation $7.9M

Compared with Peers

FY 2024

Compared with 938 similar organizations (United States, Health Care, $100M and over 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	72.6%	87.7%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	27.4%	12.3%	P10P90	Bottom 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	12.7 mo	6.1 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	42.9%	44.5%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	81.7%	96.4%	P10P90	Top quarter
Revenue growth Year over year revenue growth	18.4%	9.1%	P10P90
Expense growth Year over year expense growth	9.0%	7.8%	P10P90
Surplus margin Surplus as a share of revenue	14.1%	2.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$637.6M	$547.6M	$579.4M	72.6%	2692
2023	$538.7M	$502.2M	$498.2M	74.1%	2473
2022	$484.5M	$444.5M	$431.0M	72.4%	2430
2021	$449.1M	$391.3M	N/A	—	2319

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Organization Details

EIN: 06-0646755
State: CT
City: HARTFORD
ZIP: 06106-3322
Classification: E240
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2004
Foundation Code: 12
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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