Flushing Hospital & Medical Center

Analysis

Flushing Hospital & Medical Center is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in February 1953, 73 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, Flushing Hospital & Medical Center reported income of $426.2m and spending of $379.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279.0m to $426.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Flushing Hospital & Medical Center sits at the 98th percentile: it is larger than about 98% 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 Lehigh Valley Hospital Pocono ($426.0m), Mount Sinai Hospital Medical Center ($426.4m) and University of Florida Jacksonville Physicians Inc ($425.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $572k (0.2% of expenses). Other salaries and wages came to $166.8m. At year end it held assets of $407.9m against liabilities of $412.5m, net assets of -$4.6m. It reported 2,243 employees.