The University of Vermont Health Network Medical Group Inc

Analysis

The University of Vermont Health Network Medical Group Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The University of Vermont Health Network Medical Group Inc reported income of $352.7m and spending of $352.7m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $261.5m to $352.7m (+35%), an average of +7.8% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The University of Vermont Health Network Medical Group 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 Tarzana Medical Center LLC ($352.3m), McLeod Loris Seacoast Hospital ($353.2m) and St Joseph Regional Health Network ($351.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.3m (1.8% of expenses). Other salaries and wages came to $295.0m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1,139 employees.