The Greenwich Hospital Endowment Fund

Analysis

The Greenwich Hospital Endowment Fund is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in November 1998, 28 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 iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Greenwich Hospital Endowment Fund reported income of $3.1m and spending of $6.4m, spending 205% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $13.4m to $3.1m (-77%), an average of -31% a year. The sharpest change came in the year to September 2023, when income dropped by 56%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Greenwich Hospital Endowment Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Black Health Matters Foundation Inc ($3.1m), Vermont Public Health Association Inc ($3.1m) and Healthy Start Coalition of Palm Beach County Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.7% of the total. At year end it held assets of $116.4m against liabilities of $0, net assets of $116.4m.