Upper Connecticut Valley Hospital Association

Analysis

Upper Connecticut Valley Hospital Association is a registered charity in United States, based in Colebrook, NH. It received its IRS tax-exemption ruling in July 1969, 57 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, Upper Connecticut Valley Hospital Association reported income of $37.3m and spending of $31.4m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.9m to $37.3m (+97%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Upper Connecticut Valley Hospital Association 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 Hilltop Health Services Corporation ($37.3m), Miami County Medical Center Inc ($37.3m) and Medical Care Development Incorporated ($37.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $684k (2.2% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $41.9m against liabilities of $6.6m, net assets of $35.3m. It reported 166 employees.