MIDSTATE MEDICAL CENTER
435 LEWIS AVE, MERIDEN, CT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $477,938,120 | $447,786,447 | $358,690,159 |
| FY2024 | $443,370,802 | $426,648,757 | $323,186,694 |
| FY2023 | $478,470,804 | $465,983,868 | $300,891,867 |
| FY2022 | $439,842,089 | $424,155,725 | $305,882,371 |
| FY2021 | $410,150,277 | $379,470,588 | $276,483,229 |
| FY2020 | $379,906,364 | $356,518,886 | $181,364,677 |
| FY2019 | $320,059,067 | $291,243,590 | $157,588,942 |
| FY2018 | $283,390,732 | $265,279,078 | $153,872,234 |
| FY2017 | $232,310,545 | $222,485,526 | $122,382,874 |
| FY2016 | $239,159,457 | $216,926,035 | $88,058,528 |
| FY2015 | $232,747,203 | $211,178,782 | $89,482,222 |
| FY2014 | $230,245,746 | $208,773,520 | $107,441,592 |
| FY2013 | $231,868,096 | $213,913,168 | $113,586,026 |
| FY2012 | $252,800,734 | $235,433,968 | $91,260,037 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $487,701 | 0% |
| Program service revenue | $471,573,527 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $406,933,549 | 91% |
| Management & general | $40,559,813 | 9% |
| Fundraising | $293,085 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2025. That is higher than 74.6% of 71 Health Care organizations in CT.
- Net assets covered about 9.6 months of expenses at the end of the reporting year. That puts it in the 50th percentile among 295 Health Care organizations in CT.
- Total revenue was higher than 95.4% of 303 Health Care organizations in CT.
- Total revenue rose from $252,800,734 in FY2012 to $477,938,120 in FY2025, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $478,470,804 in FY2023.
- Net assets grew from $91,260,037 to $358,690,159 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
The mission of Midstate Medical Center is to improve the health and healing of the people and communities we serve.
IRS status
| Ruling year | 1923 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in CT) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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