Gifford Health Care Inc

Analysis

Gifford Health Care Inc is a registered charity in United States, based in Randolph, VT. It received its IRS tax-exemption ruling in December 2013, 13 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, Gifford Health Care Inc reported income of $14.4m and spending of $19.6m, spending 136% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $14.5m to $14.4m (-0.8%), an average of -0.2% a year. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gifford Health Care 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 96th percentile within VT. Charities of a similar size with the same main cause include Konza Prairie Community Health Center Inc ($14.3m), Christian Rest Home Association ($14.4m) and Central Wyoming Counseling Center ($14.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $12.0m. At year end it held assets of $2.2m against liabilities of $17.8m, net assets of -$15.6m. It reported 140 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.