Central Vermont Medical Center Inc HCSR

Analysis

Central Vermont Medical Center Inc HCSR is a registered charity in United States, based in Berlin, VT. It received its IRS tax-exemption ruling in July 1970, 56 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Central Vermont Medical Center Inc HCSR reported income of $274.1m and spending of $291.0m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $232.2m to $274.1m (+18%), an average of +4.2% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Vermont Medical Center Inc HCSR sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VT. Charities of a similar size with the same main cause include Scotland Memorial Hospital Incorporated ($273.9m), Clinical Care Associates of the University of Pennsylvania Health ($274.2m) and Yamhill County Care Organization Inc ($273.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.2m (0.8% of expenses). Other salaries and wages came to $124.9m. At year end it held assets of $162.9m against liabilities of $93.1m, net assets of $69.8m. It reported 1,929 employees.