Connecticut Childrens Specialty Group Inc

Analysis

Connecticut Childrens Specialty Group Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Connecticut Childrens Specialty Group Inc reported income of $132.2m and spending of $158.5m, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $93.9m to $132.2m (+41%), an average of +8.9% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Connecticut Childrens Specialty Group Inc sits at the 96th percentile: it is larger than about 96% 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 Tarzana Treatment Centers Inc ($132.1m), Goleta Valley Cottage Hospital ($132.3m) and Lucile Packard Foundation for Childrens Health ($131.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $7.1m (4.5% of expenses). Other salaries and wages came to $105.2m. At year end it held assets of $33.4m against liabilities of $35.7m, net assets of -$2.2m. It reported 1,052 employees.

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.