South Nassau Communities Hospital

Analysis

South Nassau Communities Hospital is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2023, South Nassau Communities Hospital reported income of $760.6m and spending of $690.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $553.3m to $760.6m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Nassau Communities Hospital sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Howard Hughes Medical Institute ($749.0m), Ashland Hospital Corporation ($762.4m) and Hartford Health Care Corporation ($748.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $6.6m (1.0% of expenses). Other salaries and wages came to $325.6m. At year end it held assets of $1.18bn against liabilities of $515.0m, net assets of $666.0m. It reported 4,956 employees.