Rutland Hospital Inc

Analysis

Rutland Hospital Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in March 1937, 89 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, Rutland Hospital Inc reported income of $324.3m and spending of $338.7m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $288.0m to $324.3m (+13%), an average of +3.0% a year. 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, Rutland Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VT. Charities of a similar size with the same main cause include Miami Childrens Health System Inc ($324.1m), Fairfield Medical Center ($324.3m) and Carle Health Medical Group ($323.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 106% of the total. Compensation of current officers, directors and key employees was $9.5m (2.8% of expenses). Other salaries and wages came to $150.7m. At year end it held assets of $350.0m against liabilities of $102.8m, net assets of $247.2m. It reported 2,093 employees.