Middlesex Hospital

Analysis

Middlesex Hospital is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in December 1939, 87 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, Middlesex Hospital reported income of $512.6m and spending of $485.7m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $452.7m to $512.6m (+13%), an average of +3.2% 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, Middlesex Hospital sits at the 98th 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 Alegent Creighton Health ($510.7m), Christus Health Southeast Texas ($514.4m) and Covenant Medical Center ($510.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $7.8m (1.6% of expenses). Other salaries and wages came to $212.2m. At year end it held assets of $557.5m against liabilities of $148.8m, net assets of $408.7m. It reported 3,628 employees.