Connecticut Childrens Medical Center

Analysis

Connecticut Childrens Medical Center is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in February 1956, 70 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, Connecticut Childrens Medical Center reported income of $538.7m and spending of $502.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $393.9m to $538.7m (+37%), an average of +8.1% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Connecticut Childrens Medical Center 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 Umsj Health System LLC ($537.5m), Banner-University Medical Group ($538.8m) and Parkview Medical Center Inc ($537.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $7.9m (1.6% of expenses). Other salaries and wages came to $209.8m. At year end it held assets of $883.1m against liabilities of $384.8m, net assets of $498.2m. It reported 2,473 employees.