North Shore University Hospital

Analysis

North Shore University Hospital is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in July 1965, 61 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, North Shore University Hospital reported income of $3.69bn and spending of $3.61bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.04bn to $3.69bn (+22%), an average of +5.0% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Shore University Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Baptist Healthcare System Inc ($3.69bn), Umass Memorial Health Care Inc ($3.73bn) and Mainehealth ($3.69bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.1m (0.0% of expenses). Other salaries and wages came to $1.85bn. At year end it held assets of $3.51bn against liabilities of $2.10bn, net assets of $1.41bn. It reported 17,848 employees.