Asylum Hill Family Medicine Center Inc

Analysis

Asylum Hill Family Medicine Center 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Asylum Hill Family Medicine Center Inc reported income of $3.9m and spending of $7.3m, spending 184% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.4m to $3.9m (-10%), an average of -2.7% a year. Over the whole period it spent 165% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asylum Hill Family Medicine Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Mission Convalescent Home ($3.9m), 22beacon Facilities Corporation ($3.9m) and New Jersey Center for Visual Arts a New Jersey Nonprofit Corporation ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $834k against liabilities of $18.5m, net assets of -$17.7m.

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.