Stamford Health Medical Group Inc

Analysis

Stamford Health Medical Group Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in October 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Stamford Health Medical Group Inc reported income of $212.0m and spending of $212.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $81.0m to $212.0m (+162%), an average of +27% a year. The sharpest change came in the year to September 2023, when income rose by 92%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stamford Health Medical Group 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 100th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Brighton Community Hospital Association ($211.6m), Solaris Foundation Inc ($212.1m) and The Frederick Ferris Thompson Hospi Tal ($211.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 48% of the total. Compensation of current officers, directors and key employees was $4.9m (2.3% of expenses). Other salaries and wages came to $114.8m. At year end it held assets of $82.1m against liabilities of $83.0m, net assets of -$933k. It reported 866 employees.