Hartford Hospital

Analysis

Hartford Hospital is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1953, 73 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, Hartford Hospital reported income of $2.58bn and spending of $2.46bn, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.77bn to $2.58bn (+46%), an average of +9.9% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hartford 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 Lucile Salter Packard Childrens Hospital at Stanford ($2.57bn), Trinity Health Corporation ($2.63bn) and Commonwealth Care Alliance Inc ($2.56bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $426k (0.0% of expenses). Other salaries and wages came to $777.4m. At year end it held assets of $2.45bn against liabilities of $789.6m, net assets of $1.66bn. It reported 10,801 employees.