Springfield Medical Care Systems Inc

Analysis

Springfield Medical Care Systems Inc is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in December 1982, 44 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 Medical Care Systems Inc reported income of $27.2m and spending of $28.6m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $33.6m to $27.2m (-19%), an average of -5.2% a year. The sharpest change came in the year to September 2020, when income dropped by 23%. 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, Springfield Medical Care Systems Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Trigg County Hospital Inc ($27.1m), Mobridge Regional Hospital ($27.2m) and Lawrence County Memorial Hospital ($27.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $517k (1.8% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $20.3m against liabilities of $7.5m, net assets of $12.8m. It reported 279 employees.