Cottage Hospital

Analysis

Cottage Hospital is a registered charity in United States, based in Woodsville, NH. It received its IRS tax-exemption ruling in January 1972, 54 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, Cottage Hospital reported income of $41.5m and spending of $42.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $35.0m to $41.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cottage Hospital sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include Southern Jersey Family Medical Centers Inc ($41.5m), Alliance for Clinical Trials in Oncology Foundation ($41.5m) and Saint Barnabas Outpatient Centers ($41.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $859k (2.0% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $37.3m against liabilities of $19.5m, net assets of $17.8m. It reported 395 employees.