Bristol Hospital Multi-Specialty Group

Analysis

Bristol Hospital Multi-Specialty Group is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in January 2014, 12 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, Bristol Hospital Multi-Specialty Group reported income of $39.1m and spending of $56.4m, spending 144% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.6m to $39.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bristol Hospital Multi-Specialty Group 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 Richmond Area Multi-Services Inc ($39.1m), Community Health Centers of Burlington Inc ($39.1m) and Robert Young Center for Community Mental Health ($39.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.8m (3.2% of expenses). Other salaries and wages came to $34.1m. At year end it held assets of $15.5m against liabilities of $18.7m, net assets of -$3.1m. It reported 334 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.