St Marys Hospital Foundation Inc

Analysis

St Marys Hospital Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in September 1984, 42 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, St Marys Hospital Foundation Inc reported income of $749k and spending of $174k, leaving 77% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.8m to $749k (-57%), an average of -19% a year. The sharpest change came in the year to September 2020, when income dropped by 69%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Hospital Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Boy Scouts of America ($749k), Code Savvy ($750k) and 384 Grand Street Housing Development Fund Company Inc ($749k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $6.7m against liabilities of $509k, net assets of $6.1m.