Yale New Haven Hospital

Analysis

Yale New Haven Hospital is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 1966, 60 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, Yale New Haven Hospital reported income of $4.19bn and spending of $4.11bn, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.27bn to $4.19bn (+28%), an average of +6.4% 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, Yale New Haven Hospital sits at the 100th 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 Long Island Jewish Medical Center ($4.14bn), Kaiser Foundation Health Plan of Washington ($4.20bn) and Scripps Health ($4.14bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $10.6m (0.3% of expenses). Other salaries and wages came to $1.27bn. At year end it held assets of $4.64bn against liabilities of $1.93bn, net assets of $2.71bn. It reported 18,364 employees.