Waterbury Hospital Foundation Inc

Analysis

Waterbury Hospital Foundation Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterbury Hospital Foundation Inc reported income of $2.9m and spending of $267k, leaving 91% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $12.3m to $2.9m (-77%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 1125%. Over the whole period it spent 4.6% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waterbury Hospital Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Irondequoit Ambulance Inc ($2.9m), Making Headway Center for Brain Injury Recovery ($2.9m) and DDC Clinic for Special Needs Children ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $15.5m against liabilities of $55k, net assets of $15.4m.