Johnson Memorial Hospital Inc

Analysis

Johnson Memorial Hospital Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 2016, 10 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, Johnson Memorial Hospital Inc reported income of $60.7m and spending of $67.4m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $82.6m to $60.7m (-27%), an average of -7.4% a year. The sharpest change came in the year to September 2022, when income dropped by 21%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Johnson Memorial Hospital Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Diversus Health Inc ($60.7m), Community Health Centers of the Rutland Region Inc ($60.7m) and Scheurer Hospital ($60.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $929k (1.4% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $69.9m against liabilities of $56.9m, net assets of $13.1m.