Concord Hospital Inc

Analysis

Concord Hospital Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in March 1987, 39 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, Concord Hospital Inc reported income of $623.5m and spending of $595.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $539.1m to $623.5m (+16%), an average of +3.7% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Concord Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NH. Charities of a similar size with the same main cause include San Joaquin Community Hospital ($621.3m), Greater Baltimore Medical Center ($624.7m) and Fayette Community Hospital Inc ($621.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $4.6m (0.8% of expenses). Other salaries and wages came to $286.4m. At year end it held assets of $819.5m against liabilities of $371.1m, net assets of $448.4m. It reported 5,529 employees.