United Hospital Fund of New York

Analysis

United Hospital Fund of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1935, 91 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 February 2023, United Hospital Fund of New York reported income of $5.2m and spending of $10.7m, spending 208% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income fell from $10.7m to $5.2m (-51%), an average of -21% a year. The sharpest change came in the year to February 2021, when income rose by 111%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, United Hospital Fund of New York sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include New York Prosecutors Training Institute Inc ($5.2m), Ah of Monroe County Inc ($5.2m) and Mid America Teen Challenge Training Center Inc ($5.2m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 67% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $2.2m (20% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $109.4m against liabilities of $6.1m, net assets of $103.3m. It reported 43 employees.