Trinity Health of New England Corporation Inc

Analysis

Trinity Health of New England Corporation 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. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) 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 Corporation Inc reported income of $231.0m and spending of $239.0m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $224.8m to $231.0m (+2.7%), an average of +0.7% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trinity Health of New England Corporation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Regional West Medical Center ($230.4m), Hawaii Pacific Health ($231.2m) and Ozarks Medical Center ($229.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.5m (1.1% of expenses). Other salaries and wages came to $56.3m. At year end it held assets of $558.9m against liabilities of $577.7m, net assets of -$18.7m. It reported 9,375 employees.