Legacy Waterbury Hospital Inc

Analysis

Legacy Waterbury Hospital Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in November 1951, 75 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, Legacy Waterbury Hospital Inc reported income of $1.6m and spending of $783k, leaving 50% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.8m to $1.6m (-68%), an average of -25% a year. The sharpest change came in the year to September 2023, when income dropped by 51%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Waterbury Hospital Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include 211 Maine Inc ($1.6m), Pathways of Central Ohio ($1.6m) and Center for Discovery Endowment Fund Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 26% of the total. At year end it held assets of $7.0m against liabilities of $1.0m, net assets of $6.0m.