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Top Rated

Children's Health Fund

CharityWatch rating issued
January 2025

Top-Rated Charity
A-
CharityWatch Rating
Our independent rating based
on a number of factors.
 
75%
Program Percentage
Amount spent on programs
relative to overhead.
 
$15
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Children's Health Fund
475 Riverside Drive
Suite 630
New York, NY 10115

Other Names

None

Tax Status

501(c)3

Stated Mission

Committed to breaking down barriers to accessing high-quality, comprehensive healthcare for children & families living in underserved communities across America.

View similar charities
Data based on Fiscal Year Ended 12/31/2023

Program Percentage: 75%

The percentage of Children's Health Fund's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$7,300,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $15

How many dollars Children's Health Fund spends on fundraising to raise each $100 of contributions.

$4,600,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
The Children's Health Fund Audited Financial Statements 13-3468427
The Children's Health Fund IRS Form 990 13-3468427
Entity: The Children's Health Fund
Document Type: Audited Financial Statements
Tax ID: 13-3468427
Entity: The Children's Health Fund
Document Type: IRS Form 990
Tax ID: 13-3468427

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Children's Health Fund
meets governance benchmarks.
 
Children's Health Fund
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Arturo Brito President & CEO $422,605
2 Pernell Brice VP of Policy & Advocacy $218,384
3 Shay Gines Chief of Staff $191,994
1
Name: Arturo Brito
Title: President & CEO
Compensation: $422,605
2
Name: Pernell Brice
Title: VP of Policy & Advocacy
Compensation: $218,384
3
Name: Shay Gines
Title: Chief of Staff
Compensation: $191,994

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to its IRS tax Form 990 for its fiscal year ended December 31, 2023, The Children's Health Fund reported on its balance sheet a negative net fund balance of $(994,551). It reported that its total expenses exceeded its total revenue by $1,931,327 and $2,671,343 in 2023 and 2022, respectively. (IRS Form 990, Part I, Summary)

According to The Children's Health Fund audit of December 31, 2023 (Independent Auditors' Report, Report on the Audit of the Financial Statements, Substantial Doubt about the Organization's Ability to Continue as a Going Concern):

"The accompanying financial statements have been prepared assuming that The Children's Health Fund will continue as a going concern. As discussed in Note 3 to the financial statements, The Children's Health Fund has experienced declining contributions and excesses of expenses over revenues in recent years and there is substantial doubt about The Children's Health Fund's ability to continue as a going concern. Management's evaluation of the events and conditions and management's plans regarding those matters are also described in Note 3..."

According to The Children's Health Fund audit of December 31, 2023 (Audit Note 3, Management's Plans):

"Management of CHF recognized systemic finance concerns within the organization and has taken the following significant steps:

  • Change in executive and finance leadership. CHF's current president and CEO joined the organization in September 2021. The controller and accounting consultants were relieved from duty in April 2023; new finance staff and consultants have been engaged.


  • Conducted an analysis of CHF's accounting practices and reconciled financial records to address inconsistencies and set standards. 


  • Management is in the process of negotiating or re-negotiating grant payment terms and expects to pay grants out over the next 6 years.


  • Implemented new policies to ensure timely subgrant payment moving forward.


  • Refocused fundraising strategies to seek more unrestricted funding for CHF's central office work and general operating support. Diversified revenue streams, including identifying earned income opportunities that will go into effect in 2024.


  • Reduced CHF's overhead and central office expenses by nearly 36% since 2021. This was achieved through several efforts:


  • Moved office space and reduced rent and utility expenses from $708K in 2020 to $147K in 2023.
  • Conducted reductions in force (RIF) in 2022 and 2023 to meet budget goals.
  • Reduced spending across the organization. 


Of additional note, CHF received payment from the IRS in 2024 of $520,908 for the Employee Retention Tax Credits recognized in 2021 and included in contribution[s] receivable at December 31, 2023."

According to The Children's Health Fund audit of December 31, 2023 (Note 9, Concentrations):

"In 2023, approximately 14% of total contributions was from one donor..." 


According to the Children's Health Fund (CHF) tax filing for the fiscal year ended December 31, 2023, CHF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a):

"Hudu Ahmed, Controller, received a $24,482 severance payment."

[Hudu Ahmed had reported total compensation of $82,428 in 2023 (IRS Form 990, Part VII, Section A)]. 


CHF reports providing "bonus & incentive compensation" during 2023 to two individuals. Arturo Brito, President & CEO, received $35,000 of bonus and incentive compensation, with a total reported compensation of $422,605, and Shay Gines, Chief of Staff, received $8,233 of bonus and incentive compensation, with a total reported compensation of $191,994. 

According to The Children's Health Fund 2023 tax filing, the Fund reports re: the existence of a family relationship among officers, directors, trustees, or key employees, a "familial relationship" between Jane Pauley and Garry Trudeau (IRS Form 990, Schedule O re: Form 990, Part VI, line 2).

Jane Pauley is reported as Advisory Board Chair and Garry Trudeau is reported as Board Member (IRS Form 990, Part VII, Section A). The Fund reports having 10 voting members on its governing body at the end of 2023, with all voting members reported as independent (IRS Form 990, Part VI, lines 1a & 1b).


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