Yale-New Haven Care Continuum Corporation

Analysis

Yale-New Haven Care Continuum Corporation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Yale-New Haven Care Continuum Corporation reported income of $12.8m and spending of $19.7m, spending 154% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $13.0m to $12.8m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 144% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Yale-New Haven Care Continuum Corporation 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 Share Foundation ($12.8m), Intermountain Health Care Inc ($12.8m) and V N a Corporation ($12.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.6m. At year end it held assets of $9.9m against liabilities of $45.1m, net assets of -$35.2m. It reported 191 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.