Southwestern Vermont Health Care Corporation

Analysis

Southwestern Vermont Health Care Corporation is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in November 1936, 90 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, Southwestern Vermont Health Care Corporation reported income of $5.7m and spending of $3.7m, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $5.7m (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2021, when income rose by 124%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southwestern Vermont Health Care Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within VT. Charities of a similar size with the same main cause include Western Tidewater Free Clinic Inc ($5.7m), Sutter Medical Center Foundation ($5.7m) and Medford Visiting Nursing Association ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 64% of the total. Other salaries and wages came to $303k. At year end it held assets of $83.2m against liabilities of $4.3m, net assets of $78.9m. It reported 18 employees.