Huggins Hospital

Analysis

Huggins Hospital is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in September 1942, 84 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, Huggins Hospital reported income of $104.4m and spending of $98.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $70.5m to $104.4m (+48%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 27%. 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, Huggins Hospital sits at the 95th percentile: it is larger than about 95% 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 Nursing Sisters Home Care Inc ($104.3m), Jackson Park Hospital Foundation ($104.5m) and University Pediatricians ($104.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.8m (1.8% of expenses). Other salaries and wages came to $40.4m. At year end it held assets of $156.8m against liabilities of $58.8m, net assets of $98.0m. It reported 635 employees.