Stamford Hospital

Analysis

Stamford Hospital is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in August 1934, 92 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, Stamford Hospital reported income of $776.1m and spending of $769.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $611.1m to $776.1m (+27%), an average of +6.2% 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, Stamford Hospital 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 Vassar Brothers Hospital ($774.4m), Truman Medical Center Incorporated ($776.1m) and Piedmont Athens Regional Medical Center Inc ($774.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $5.1m (0.7% of expenses). Other salaries and wages came to $264.9m. At year end it held assets of $1.18bn against liabilities of $643.8m, net assets of $535.6m. It reported 3,540 employees.