St Joseph Hospital

Analysis

St Joseph Hospital is a registered charity in United States, based in Bethpage, NY. It received its IRS tax-exemption ruling in September 1998, 28 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, St Joseph Hospital reported income of $162.5m and spending of $183.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $140.8m to $162.5m (+15%), an average of +3.7% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Joseph Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Lenoir Memorial Hospital Inc ($162.5m), Riverside Research Institute ($162.7m) and Guardian Foundation Inc ($162.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (0.9% of expenses). Other salaries and wages came to $70.7m. At year end it held assets of $84.0m against liabilities of $109.5m, net assets of -$25.5m. It reported 1,079 employees.