Save Sharon Hospital Inc

Analysis

Save Sharon Hospital Inc is a registered charity in United States, based in Sharon, CT. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Save Sharon Hospital Inc reported income of $104k and spending of $111k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $104k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Save Sharon Hospital Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within CT. Charities of a similar size with the same main cause include New Berlin Library Association ($104k), Little League Baseball Inc ($104k) and Brick American Baseball League Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.