Saint Francis Hospital and Medical Center

Analysis

Saint Francis Hospital and Medical Center is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1946, 80 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, Saint Francis Hospital and Medical Center reported income of $931.4m and spending of $927.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $994.5m to $931.4m (-6.3%), an average of -1.6% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Francis Hospital and Medical Center sits at the 99th 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 St Joseph Hospital of Orange ($929.0m), St Jude Hospital ($932.4m) and Christus Trinity Clinic Texas ($926.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (0.2% of expenses). Other salaries and wages came to $219.9m. At year end it held assets of $880.8m against liabilities of $516.6m, net assets of $364.2m. It reported 306 employees.