Rady Children's Health

Legal name: Rady Children's Hospital Foundation San Diego

Overview

Mission

To provide the highest quality pediatric care, advance medical knowledge through research, and improve the health and well-being of children in San Diego and beyond.

What it reported doing in 2024

Fundraising programs: solicitation and fundraising in support of programs, projects, and services of rady children's hospital san diego, rady children's institute for genomic medicine and rady children's health.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
330170626
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Headquarters
San Diego, CA, US
Phone
858-576-1700
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 71
  • Accountability: 91
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.9%; rating input score 68
  • Program expense ratio: 54.9%; rating input score 55
  • Fundraising efficiency: $2.07 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -23.7%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 5.5; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 11.3% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 86th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 6 operating locations identified
  • Where the money goes: 67.9% of revenue deployed · 54.9% of spending went to programs
  • Governance: 17 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $21.1M in reported program spending
  • Leadership: top reported pay $2.6M · 31 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

31 people listed

Highest reported compensation

  • PATRICK FRIAS MD (PRESIDENT & CEO): $2,563,540 total reported compensation
  • KIMBERLY CRIPE (CO-PRESIDENT & CEO (BEGIN 1/2025)): $2,444,654 total reported compensation
  • JAMES ULI JR (SVP, CFO, TREASURER): $1,153,655 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.