Carlos G Otis Health Care Center Inc

Analysis

Carlos G Otis Health Care Center Inc is a registered charity in United States, based in Townshend, VT. It received its IRS tax-exemption ruling in December 1950, 76 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, Carlos G Otis Health Care Center Inc reported income of $34.2m and spending of $34.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.4m to $34.2m (+40%), an average of +8.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carlos G Otis Health Care Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Amboy Medical Practice PC ($34.2m), H Lee Moffitt Cancer Center and Research Institute Foundation Inc ($34.2m) and Marshall Browning Hospital Association ($34.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (3.1% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $20.0m against liabilities of $5.3m, net assets of $14.7m. It reported 255 employees.