South Shore University Hospital

Analysis

South Shore University Hospital is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in March 1933, 93 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 Shore University Hospital reported income of $1.07bn and spending of $1.04bn, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $728.3m to $1.07bn (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 17%. 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, South Shore University Hospital 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 SSM Health Care of Oklahoma Inc ($1.07bn), Christus Santa Rosa Health Care Corporation ($1.08bn) and Health Research Incorporated Elizabeth Wood ($1.06bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Other salaries and wages came to $522.5m. At year end it held assets of $772.7m against liabilities of $808.4m, net assets of -$35.7m. It reported 5,106 employees.