Griffin Hospital Development Fund Inc

Analysis

Griffin Hospital Development Fund Inc is a registered charity in United States, based in Derby, CT. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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, Griffin Hospital Development Fund Inc reported income of $1.5m and spending of $952k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $1.5m (-35%), an average of -10% a year. The sharpest change came in the year to September 2020, when income dropped by 43%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Griffin Hospital Development Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Christian Child Care Inc ($1.5m), Edvisions Off-Campus Charter School ($1.5m) and Global Good Fund ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $169k (18% of expenses). Other salaries and wages came to $186k. At year end it held assets of $10.8m against liabilities of $173k, net assets of $10.6m.