Saint Francis Hospital and Medical Center Foundation Inc

Analysis

Saint Francis Hospital and Medical Center Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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, Saint Francis Hospital and Medical Center Foundation Inc reported income of $3.4m and spending of $4.8m, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.1m to $3.4m (-45%), an average of -14% a year. The sharpest change came in the year to September 2020, when income rose by 89%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Francis Hospital and Medical Center Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include LA Familia Del Paso Inc ($3.4m), To Gether Canby ($3.4m) and Catholic Charities of Northwest Florida Inc ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8.8m against liabilities of $6.7m, net assets of $2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.