Concord Hospital- Franklin

Analysis

Concord Hospital- Franklin is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in May 2021, 5 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, Concord Hospital- Franklin reported income of $37.9m and spending of $28.6m, leaving 24% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $12.5m to $37.9m (+202%), an average of +74% a year. The sharpest change came in the year to September 2022, when income rose by 167%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Concord Hospital- Franklin sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include James B Haggin Memorial Hospital Inc ($37.8m), Ozark Health Inc ($37.9m) and Center for Family Health ($37.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $11.6m. At year end it held assets of $30.9m against liabilities of $6.2m, net assets of $24.7m.