William W Backus Hospital

Analysis

William W Backus Hospital is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in December 1951, 75 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, William W Backus Hospital reported income of $556.0m and spending of $518.4m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $416.3m to $556.0m (+34%), an average of +7.5% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, William W Backus Hospital sits at the 99th 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 CT. Charities of a similar size with the same main cause include Beth Israel Lahey Health Inc HCSR ($553.9m), St Lukes Hospital of Duluth ($556.8m) and Yakima Valley Memorial Hospital Association ($553.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $374k (0.1% of expenses). Other salaries and wages came to $164.6m. At year end it held assets of $878.5m against liabilities of $178.5m, net assets of $699.9m. It reported 2,172 employees.