Natchaug Hospital Inc

Analysis

Natchaug Hospital Inc is a registered charity in United States, based in Mansfield Ctr, CT. It received its IRS tax-exemption ruling in October 1978, 48 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, Natchaug Hospital Inc reported income of $49.4m and spending of $53.9m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $51.9m to $49.4m (-4.8%), an average of -1.2% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Natchaug Hospital Inc sits at the 93rd percentile: it is larger than about 93% 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 Health and Life Organization Inc ($49.4m), West Side Community Health Services Inc ($49.4m) and Resolve to Save Lives Inc ($49.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $178k (0.3% of expenses). Other salaries and wages came to $31.3m. At year end it held assets of $17.8m against liabilities of $15.0m, net assets of $2.8m. It reported 606 employees.