Financial Benefit to the Community

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To demonstrate concretely the value that Boston Children's Hospital provides as a not-for-profit to the citizens of Boston, Massachusetts and the country, the hospital hired Ernst and Young to calculate what Boston Children's would owe in local, state and federal taxes if it were a for-profit institution:

  • The firm determined that in FY10, Boston Children's would owe $43.8 million as a for-profit hospital.

Boston Children's then calculated the community benefits it has delivered as defined by the new IRS guidelines, using a conservative projection:

  • Boston Children's provides $244.6 million in benefits to taxpayers in exchange for its tax exemption status.

Below is a calculation for FY10 that examines the benefits of tax exemption for the hospital compared to the benefits taxpayers receive from Boston Children's not-for-profit mission. This calculation uses a more conservative methodology than that of the IRS.

We are grateful to have been ranked #1 on U.S. News & World Report's list of the best children's hospitals in the nation for the third year in a row, an honor we could not have achieved without the patients and families who inspire us to do our very best for them. Thanks to you, Boston Children's is a place where we can write the greatest children's stories ever told.”
- Sandra L. Fenwick, President and CEO

Boston Children's Hospital 300 Longwood Avenue, Boston, MA 02115 617-355-6000 | 800-355-7944