Valley Regional Hospital Inc

Analysis

Valley Regional Hospital Inc is a registered charity in United States, based in Claremont, NH. It received its IRS tax-exemption ruling in March 1957, 69 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Valley Regional Hospital Inc reported income of $65.4m and spending of $62.1m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $45.1m to $65.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Regional Hospital Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include John Fitzgibbon Memorial Hospital Inc ($65.4m), Sweetwater Hospital Association ($65.5m) and Texas Childrens Hospital Foundation ($65.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $856k (1.4% of expenses). Other salaries and wages came to $21.8m. At year end it held assets of $72.5m against liabilities of $24.1m, net assets of $48.4m. It reported 435 employees.