Stamford Health Inc

Analysis

Stamford Health Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in November 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Stamford Health Inc reported income of $5.6m and spending of $1.5m, leaving 74% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.2m to $5.6m (-39%), an average of -12% a year. The sharpest change came in the year to September 2021, when income rose by 300%. Over the whole period it spent 21% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stamford Health Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Southern Iowa Mental Health Center ($5.6m), Sobriety House Inc ($5.6m) and St Josephs Hospital of Tampa Foundation Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 20% of the total. At year end it held assets of $112.2m against liabilities of $25.9m, net assets of $86.3m.