Charlotte Hungerford Hospital

Analysis

Charlotte Hungerford Hospital is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in May 1942, 84 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, Charlotte Hungerford Hospital reported income of $196.3m and spending of $199.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $149.7m to $196.3m (+31%), an average of +7.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlotte Hungerford Hospital sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include True North Medical Group PC ($196.2m), Duncan Regional Hospital Inc ($196.4m) and Ascension Wisconsin Inc ($196.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $187k (0.1% of expenses). Other salaries and wages came to $94.8m. At year end it held assets of $184.3m against liabilities of $45.9m, net assets of $138.4m. It reported 1,367 employees.