Charity Search / CHILDRENS HOSPITAL FOUNDATION
Health Care (E110) IRS Verified DX Registered 990 on File

CHILDRENS HOSPITAL FOUNDATION

EIN: 61-6027530 · LOUISVILLE, KY 40202-0000 · United States · FY 2024 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 78/100
Reliability (20%) 55/100
Effectiveness (25%) 80/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CHILDRENS HOSPITAL FOUNDATION logo
CharityAI™ Score
Not yet evaluated
Mission Statement

The Norton Children’s Hospital Foundation is the philanthropic arm for Norton Children’s pediatric facilities and services. The foundation raises funds exclusively for Norton Children’s Hospital, Kentucky’s only full-service, free-standing hospital created “Just for Kids”; Norton Children’s Medical Center; and pediatric services at Norton Women’s & Children’s Hospital to support programs, equipment, new technologies, clinical research, child advocacy and health education for patients, families, medical staff and the community. Norton Children’s Hospital serves all families regardless of their ability to pay. As part of a not-for-profit organization, Norton Children’s facilities rely on the generosity of the community to help fulfill our mission to provide for the physical and emotional health of children, from birth to adulthood. It takes the generosity of everyone in the community to enable Norton Children’s to be here for all children when they need us. Thanks to donations from the community, the Norton Children’s Hospital Foundation is able to support the needs of Norton Children’s Hospital and its sister facilities, which serve nearly 185,000 children annually from throughout Kentucky and Southern Indiana. With your financial help, the foundation is able to support Norton Children’s facilities in the following ways: • Recruit key clinical and research leaders • Purchase state-of-the-art technology and equipment • Expand important regional patient care programs • Construct facilities and enhance specialty areas to better serve patients and families

Financial Overview — FY 2024
$32.1M
Total Revenue
$19.6M
Total Expenses
$138.5M
Net Assets
33
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 73.1%
Fundraising Efficiency 307.2%
Operating Reserve 84.92x
Liability-to-Asset 2.7%
Revenue Diversification 79.9%
Executive Compensation $197K
Compared with Peers
FY 2024
Compared with 2,011 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
73.1% 84.6%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
6.8% 14.6%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
20.1% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
307.2% 270.7%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
84.9 mo 6.8 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
2.7% 35.3%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
79.9% 92.5%
P10P90
Above median
Revenue growth
Year over year revenue growth
62.3% 7.2%
P10P90
Expense growth
Year over year expense growth
3.1% 7.7%
P10P90
Surplus margin
Surplus as a share of revenue
39.0% 1.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $32.1M $19.6M $138.5M 73.1% 33
2023 $19.8M $19.0M $122.6M 75.2% 28
2022 $23.0M $14.1M $113.3M 68.0% 34
2021 $19.8M $14.9M N/A — 30
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Organization Details
EIN
61-6027530
State
KY
City
LOUISVILLE
ZIP
40202-0000
Classification
E110
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1892
Foundation Code
15
Form 990
On File
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