Vassar Health Connecticut Inc
50 Hospital Hill Rd, Sharon, CT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $57,198,663 | $73,747,935 | -$87,988,166 |
| FY2024 | $53,066,954 | $73,605,016 | -$68,291,862 |
| FY2023 | $49,599,644 | $73,683,904 | -$61,865,278 |
| FY2022 | $51,339,478 | $72,831,720 | -$37,781,018 |
| FY2021 | $49,443,431 | $65,116,178 | -$16,288,776 |
| FY2020 | $55,171,792 | $60,811,339 | $3,940,071 |
| FY2019 | $37,433,230 | $43,216,920 | $9,579,680 |
| FY2018 | $51,047,077 | $51,519,194 | $24,580,300 |
| FY2017 | $25,637,874 | $22,335,356 | $28,258,704 |
Form 990 filings
The returns filed by Vassar Health Connecticut Inc (EIN 81-5056290), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $718,180 | 1% |
| Program service revenue | $56,149,803 | 98% |
| Other revenue | $330,680 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $65,077,322 | 88% |
| Management & general | $8,670,613 | 12% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2025.
- Program services accounted for 88% of functional expenses, management & general 12%, and fundraising 0%.
- 88% of functional expenses went to program services in FY2025. That is higher than 60.6% of 71 Health Care organizations in CT.
- Net assets covered about -14.3 months of expenses at the end of the reporting year. That puts it in the 3rd percentile among 295 Health Care organizations in CT.
- Total revenue was higher than 87.1% of 303 Health Care organizations in CT.
- Total revenue rose from $25,637,874 in FY2017 to $57,198,663 in FY2025. Revenue increased in 5 and decreased in 3 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 9 reported years (FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from $28,258,704 to -$87,988,166 between FY2017 and FY2025.
- Contributions and grants made up 12% of revenue in FY2017 and 1% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
IMPROVE THE HEALTH OF EVERY PERSON IN OUR COMMUNITY THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.
IRS status
| Ruling year | 2019 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E20 — Health Care (in CT) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Optimus Health Care Inc — Stratford, CT · $56,209,555
- Planned Parenthood of Southern New England Inc — New Haven, CT · $50,503,423
- Connecticut Childrens Foundation Inc — Hartford, CT · $46,656,166
- Fair Haven Community Health Clinic Inc — New Haven, CT · $77,949,115
- The Jewish Home for the Elderly of Fairfield County Inc — Bridgeport, CT · $78,029,846
- Johnson Memorial Hospital Inc — Hartford, CT · $79,160,080
- Community Health Network of Connecticut Inc — Wallingford, CT · $84,061,257
- Riverbend Medical Group Inc — Hartford, CT · $89,160,378
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.