Jamaica Hospital Medical Center

Analysis

Jamaica Hospital Medical Center is a registered charity in United States, based in Richmond Hill, NY. It received its IRS tax-exemption ruling in October 1934, 92 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, Jamaica Hospital Medical Center reported income of $795.1m and spending of $830.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $623.2m to $795.1m (+28%), an average of +6.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jamaica Hospital Medical Center sits at the 99th 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 Covenant Medical Center Inc ($793.3m), Baptist Health Medical Group Inc ($800.6m) and Tucson Medical Center ($791.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $4.3m (0.5% of expenses). Other salaries and wages came to $347.0m. At year end it held assets of $454.5m against liabilities of $476.7m, net assets of -$22.2m. It reported 4,447 employees.