Hartford Healthcare Medical Group Specialists PLLC

Analysis

Hartford Healthcare Medical Group Specialists PLLC is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, 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, Hartford Healthcare Medical Group Specialists PLLC reported income of $637.1m and spending of $637.1m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.4m to $637.1m (+745%), an average of +70% a year. The sharpest change came in the year to September 2020, when income rose by 311%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hartford Healthcare Medical Group Specialists PLLC 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 CT. Charities of a similar size with the same main cause include Bon Secours Charity Health System Affiliated Group ($636.4m), Dartmouth-Hitchcock Clinic ($638.4m) and Marshfield Clinic Inc ($633.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $145.0m against liabilities of $100.3m, net assets of $44.7m.