Concord Hospital - Laconia

Analysis

Concord Hospital - Laconia 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 - Laconia reported income of $139.9m and spending of $150.6m, spending 108% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $53.2m to $139.9m (+163%), an average of +62% a year. The sharpest change came in the year to September 2022, when income rose by 170%. Over the whole period it spent 108% 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 - Laconia sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NH. Charities of a similar size with the same main cause include Lifesouth Community Blood Centers Inc ($139.9m), Mercy Health Northwest Arkansas Communities ($140.0m) and Mary Rutan Hospital ($139.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Other salaries and wages came to $71.9m. At year end it held assets of $60.1m against liabilities of $24.7m, net assets of $35.4m. It reported 1,136 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.