Silver Hill Hospital Inc

Analysis

Silver Hill Hospital Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in June 1937, 89 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Silver Hill Hospital Inc reported income of $64.0m and spending of $62.9m, spending 98% of its income. Across the 6 years on record, from February 2019 to December 2023, income grew from $39.5m to $64.0m (+62%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Silver Hill Hospital Inc sits at the 94th percentile: it is larger than about 94% 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 Westcare California Inc ($63.8m), Northwell Health Stern Family Center for Rehabilitation ($64.0m) and Meridian Behavioral Healthcare Inc ($63.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.7m (5.9% of expenses). Other salaries and wages came to $30.7m. At year end it held assets of $76.4m against liabilities of $15.2m, net assets of $61.2m. It reported 509 employees.