Gifford Medical Center Inc

Analysis

Gifford Medical Center Inc is a registered charity in United States, based in Randolph, VT. It received its IRS tax-exemption ruling in March 1937, 89 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, Gifford Medical Center Inc reported income of $70.3m and spending of $73.8m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $57.7m to $70.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2022, when income rose by 20%. 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, Gifford Medical Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VT. Charities of a similar size with the same main cause include Rehabilitation Support Services Inc ($70.2m), Association of State and Territorial Health Officials ($70.3m) and American Eagle Lifecare Corporation ($70.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (1.5% of expenses). Other salaries and wages came to $32.8m. At year end it held assets of $102.4m against liabilities of $31.1m, net assets of $71.4m. It reported 497 employees.