Copley Hospital Inc

Analysis

Copley Hospital Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in April 1934, 92 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, Copley Hospital Inc reported income of $98.5m and spending of $99.8m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $68.5m to $98.5m (+44%), an average of +9.5% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Copley 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 VT. Charities of a similar size with the same main cause include National Committee for Quality Assurance ($98.4m), Nebraska Pediatric Practice Inc ($98.5m) and Communtiy Health Center of Southeast Kansas Inc ($98.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.8m (1.8% of expenses). Other salaries and wages came to $42.5m. At year end it held assets of $78.3m against liabilities of $31.5m, net assets of $46.8m. It reported 680 employees.