Southampton Hospital Foundation Inc

Analysis

Southampton Hospital Foundation Inc is a registered charity in United States, based in Southampton, NY. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southampton Hospital Foundation Inc reported income of $17.7m and spending of $21.4m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $17.7m (+131%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southampton Hospital Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include East Central Missouri Behavioral Health Services Inc ($17.7m), Gerald L Ignace Indian Health Center Inc ($17.7m) and Marian Manor for the Aged & Infirm Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $186k (0.9% of expenses). Other salaries and wages came to $355k. It paid $514k in professional fundraising fees. At year end it held assets of $21.7m against liabilities of $3.7m, net assets of $18.0m.