Greenwich Hospital

Analysis

Greenwich Hospital is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Greenwich Hospital reported income of $536.7m and spending of $534.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $423.6m to $536.7m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2020, when income rose by 16%. 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, Greenwich 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 Legacy Salmon Creek Hospital ($535.6m), Virtua Health Inc ($537.1m) and Lifenet Health ($535.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.8m (0.5% of expenses). Other salaries and wages came to $164.6m. At year end it held assets of $808.3m against liabilities of $165.3m, net assets of $643.0m. It reported 2,790 employees.