Griffin Faculty Physicians Inc

Analysis

Griffin Faculty Physicians Inc is a registered charity in United States, based in Derby, CT. It received its IRS tax-exemption ruling in September 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, Griffin Faculty Physicians Inc reported income of $37.9m and spending of $51.2m, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.8m to $37.9m (+82%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Griffin Faculty Physicians Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Midwest Medical Center ($37.9m), Indian Health Council Inc ($37.9m) and Ozark Health Inc ($37.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $892k (1.7% of expenses). Other salaries and wages came to $30.8m. At year end it held assets of $15.2m against liabilities of $12.7m, net assets of $2.5m. It reported 140 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.