The Griffin Hospital

Analysis

The Griffin Hospital is a registered charity in United States, based in Derby, CT. It received its IRS tax-exemption ruling in March 1937, 89 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, The Griffin Hospital reported income of $260.5m and spending of $243.7m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $203.6m to $260.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 30%. 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, The Griffin Hospital sits at the 97th percentile: it is larger than about 97% 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 Weill Cornell Imaging at New York-Presbyterian ($260.1m), Family Healthcare Network ($260.7m) and Wyoming Medical Center Inc ($260.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.7m (1.1% of expenses). Other salaries and wages came to $99.0m. At year end it held assets of $207.2m against liabilities of $153.6m, net assets of $53.6m. It reported 2,585 employees.