Hospital for Special Care

Analysis

Hospital for Special Care is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in December 1944, 82 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 March 2024, Hospital for Special Care reported income of $136.0m and spending of $131.2m, spending 96% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $111.1m to $136.0m (+22%), an average of +4.1% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospital for Special Care sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Wellmont Medical Associates Inc ($135.9m), Packard Childrens Health Alliance ($136.0m) and Trinity Health ($135.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $4.5m (3.4% of expenses). Other salaries and wages came to $72.4m. At year end it held assets of $181.2m against liabilities of $53.6m, net assets of $127.6m. It reported 1,457 employees.