Northeastern Vermont Regional Hospital Inc

Analysis

Northeastern Vermont Regional Hospital Inc is a registered charity in United States, based in St Johnsbury, VT. It received its IRS tax-exemption ruling in August 1967, 59 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, Northeastern Vermont Regional Hospital Inc reported income of $122.4m and spending of $121.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $90.6m to $122.4m (+35%), an average of +7.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northeastern Vermont Regional Hospital Inc 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 St Vincent Medical Group ($122.4m), Clinicas Del Camino Real Inc ($122.4m) and Grand Itasca Clinic and Hospital ($122.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.1m (0.9% of expenses). Other salaries and wages came to $54.0m. At year end it held assets of $81.4m against liabilities of $27.1m, net assets of $54.3m. It reported 825 employees.