Robert C Geer Memorial Hospital Inc

Analysis

Robert C Geer Memorial Hospital Inc is a registered charity in United States, based in Canaan, CT. It received its IRS tax-exemption ruling in January 1950, 76 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, Robert C Geer Memorial Hospital Inc reported income of $12.9m and spending of $15.0m, spending 117% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $16.5m to $12.9m (-22%), an average of -12% a year. The sharpest change came in the year to September 2022, when income dropped by 21%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Robert C Geer Memorial Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Primary Health Care Center of Dade Inc ($12.9m), New Interdisciplinary School Inc ($12.9m) and Good Neighbor Society ($12.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $195k (1.3% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $6.1m against liabilities of $5.6m, net assets of $509k. It reported 164 employees.