Nuvance Health Medical Practice CT Inc

Analysis

Nuvance Health Medical Practice CT Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nuvance Health Medical Practice CT Inc reported income of $377.7m and spending of $399.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $295.0m to $377.7m (+28%), an average of +6.4% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nuvance Health Medical Practice CT Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Patient Access Network Foundation ($374.4m), San Gabriel Pomona Valleys Developmental Services Inc ($380.6m) and Childrens Health Care Associates Inc ($370.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.5m (0.9% of expenses). Other salaries and wages came to $261.0m. At year end it held assets of $194.6m against liabilities of $216.9m, net assets of -$22.3m. It reported 1,781 employees.