Western Connecticut Health Network Affiliates Inc

Analysis

Western Connecticut Health Network Affiliates Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in August 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Western Connecticut Health Network Affiliates Inc reported income of $17.8m and spending of $20.2m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.4m to $17.8m (+89%), an average of +17% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Connecticut Health Network Affiliates Inc 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 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Chapel Hill-Chauncy Hall School ($17.8m), Phipps Neighborhoods Inc ($17.8m) and Richard Milburn Academy Texas Inc ($17.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $349k (1.7% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $12.9m against liabilities of $18.7m, net assets of -$5.8m. It reported 225 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.