Greensboro Hospital Association Inc

Analysis

Greensboro Hospital Association Inc is a registered charity in United States, based in Greensboro, VT. It received its IRS tax-exemption ruling in March 1957, 69 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 May 2024, Greensboro Hospital Association Inc reported income of $4.4m and spending of $4.1m, spending 94% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $3.1m to $4.4m (+41%), an average of +7.1% a year. The sharpest change came in the year to May 2020, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greensboro Hospital Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Drugs for Neglected Diseasesinitiative North America Inc ($4.4m), American Orthopaedic Association ($4.4m) and Northbay Health Advantage ($4.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $212k (5.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.3m against liabilities of $682k, net assets of $611k. It reported 76 employees.