Western Connecticut Health Network Inc

Analysis

Western Connecticut Health Network 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 supporting organisation 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 Inc reported income of $16.0m and spending of $15.9m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $972k to $16.0m (+1546%), an average of +101% a year. The sharpest change came in the year to September 2020, when income rose by 13838%. Over the whole period it spent 107% 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 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 St Edmonds Home for Crippled Children ($16.0m), Spero Academy ($16.0m) and Mercy Housing Northwest ($16.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $8.9m. At year end it held assets of $734.5m against liabilities of $329.3m, net assets of $405.3m. It reported 817 employees.