Porter Hospital Inc HCSR

Analysis

Porter Hospital Inc HCSR is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in December 1942, 84 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, Porter Hospital Inc HCSR reported income of $120.3m and spending of $110.7m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $92.2m to $120.3m (+31%), an average of +6.9% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Porter Hospital Inc HCSR sits at the 96th percentile: it is larger than about 96% 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 Whitehead Institute for Biomedical Research ($120.2m), Banner Medical Group Colorado ($120.5m) and Meridian Health Services Corp ($120.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $201k (0.2% of expenses). Other salaries and wages came to $47.3m. At year end it held assets of $88.1m against liabilities of $20.3m, net assets of $67.8m. It reported 674 employees.