Danbury Hospital & New Milford Hospital Foundation Inc

Analysis

Danbury Hospital & New Milford Hospital Foundation Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Danbury Hospital & New Milford Hospital Foundation Inc reported income of $14.0m and spending of $15.3m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $22.3m to $14.0m (-37%), an average of -11% a year. The sharpest change came in the year to September 2023, when income dropped by 44%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Danbury Hospital & New Milford Hospital Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Helene Fuld College of Nursing ($14.0m), Sunbelt Health Care Centers Inc ($14.0m) and North Central Mental Health Services ($14.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $165.5m against liabilities of $3.9m, net assets of $161.6m.