Cheshire Medical Center

Analysis

Cheshire Medical Center is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in January 1981, 45 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 June 2023, Cheshire Medical Center reported income of $263.6m and spending of $287.8m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $228.0m to $263.6m (+16%), an average of +3.7% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cheshire Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NH. Charities of a similar size with the same main cause include Saint Thomas Medical Partners ($263.4m), Tuba City Regional Health Care Corporation ($264.4m) and Skaggs Community Hospital Association ($263.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.1m (0.4% of expenses). Other salaries and wages came to $75.5m. At year end it held assets of $146.8m against liabilities of $93.6m, net assets of $53.2m. It reported 1,308 employees.