Danbury Hospital

Analysis

Danbury Hospital is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in October 1946, 80 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, Danbury Hospital reported income of $872.4m and spending of $847.3m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $741.9m to $872.4m (+18%), an average of +4.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Danbury Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Gundersen Lutheran Administrative Services Inc ($866.3m), Tallahassee Memorial Healthcare Inc ($872.7m) and South Miami Hospital Inc ($865.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.0m (0.1% of expenses). Other salaries and wages came to $269.3m. At year end it held assets of $900.9m against liabilities of $394.2m, net assets of $506.7m. It reported 3,293 employees.