Springfield Hospital Inc

Analysis

Springfield Hospital Inc is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in January 1967, 59 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, Springfield Hospital Inc reported income of $59.8m and spending of $60.5m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $50.2m to $59.8m (+19%), an average of +4.5% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Springfield Hospital 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 Mental Health Resource Center Inc ($59.8m), Uphams Corner Health Committee Inc ($59.8m) and Muskingum Valley Health Centers ($59.7m).

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 $860k (1.4% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $32.9m against liabilities of $22.3m, net assets of $10.6m. It reported 480 employees.