Androscoggin Valley Hospital Inc

Analysis

Androscoggin Valley Hospital Inc is a registered charity in United States, based in Berlin, NH. It received its IRS tax-exemption ruling in April 1971, 55 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, Androscoggin Valley Hospital Inc reported income of $96.7m and spending of $87.5m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $60.1m to $96.7m (+61%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Androscoggin Valley Hospital Inc 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 Beatrice Community Hospital & Health Center Inc ($96.7m), Jefferson Memorial Hospital ($96.8m) and LA Rabida Childrens Hospital ($96.6m).

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 $1.3m (1.5% of expenses). Other salaries and wages came to $26.4m. At year end it held assets of $77.2m against liabilities of $32.0m, net assets of $45.1m. It reported 410 employees.