Newyork-Presbyterian-Queens

Analysis

Newyork-Presbyterian-Queens is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in February 1979, 47 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, Newyork-Presbyterian-Queens reported income of $1.08bn and spending of $1.06bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $841.3m to $1.08bn (+29%), an average of +6.5% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newyork-Presbyterian-Queens 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 Christus Santa Rosa Health Care Corporation ($1.08bn), Cape Cod Healthcare Inc ($1.09bn) and South Shore University Hospital ($1.07bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $5.0m (0.5% of expenses). Other salaries and wages came to $381.6m. At year end it held assets of $860.7m against liabilities of $767.4m, net assets of $93.3m. It reported 4,482 employees.