Long Island Jewish Medical Center

Analysis

Long Island Jewish Medical Center is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in December 1955, 71 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, Long Island Jewish Medical Center reported income of $4.14bn and spending of $4.02bn, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.27bn to $4.14bn (+27%), an average of +6.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Long Island Jewish Medical Center 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 Scripps Health ($4.14bn), Yale New Haven Hospital ($4.19bn) and Boston Medical Center Health Plan Inc ($4.14bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $908k (0.0% of expenses). Other salaries and wages came to $2.00bn. At year end it held assets of $3.84bn against liabilities of $2.54bn, net assets of $1.30bn. It reported 19,843 employees.