Yale New Haven Health Services Corporation

Analysis

Yale New Haven Health Services Corporation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1984, 42 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Yale New Haven Health Services Corporation reported income of $904.8m and spending of $919.8m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $657.9m to $904.8m (+38%), an average of +8.3% 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, Yale New Haven Health Services Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Alaska Native Tribal Health Consortium ($904.2m), Geisinger Wyoming Valley Medical Center ($905.8m) and Inova Health System Foundation ($903.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $18.1m (2.0% of expenses). Other salaries and wages came to $346.0m. At year end it held assets of $2.82bn against liabilities of $2.38bn, net assets of $439.8m. It reported 4,282 employees.