Trinity Health of New England Provider Network Organization Inc

Analysis

Trinity Health of New England Provider Network Organization Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1946, 80 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, Trinity Health of New England Provider Network Organization Inc reported income of $266.4m and spending of $321.7m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $121.5m to $266.4m (+119%), an average of +22% a year. The sharpest change came in the year to September 2022, when income rose by 67%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Health of New England Provider Network Organization 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 The Milken Institute ($264.7m), International City Management Association Retirement Corporation ($269.0m) and Ukiah Adventist Hospital ($261.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.4m (0.4% of expenses). Other salaries and wages came to $230.6m. At year end it held assets of $29.6m against liabilities of $99.9m, net assets of -$70.3m.

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.