Lenox Hill Hospital

Analysis

Lenox Hill Hospital is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in April 1920, 106 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, Lenox Hill Hospital reported income of $1.95bn and spending of $1.91bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.54bn to $1.95bn (+27%), an average of +6.1% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lenox Hill Hospital 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 Keck Medical Center of Usc ($1.94bn), Presbyterian Hospital ($1.96bn) and Methodist Healthcare-Memphis ($1.94bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $897k (0.0% of expenses). Other salaries and wages came to $920.3m. At year end it held assets of $2.07bn against liabilities of $1.04bn, net assets of $1.03bn. It reported 7,823 employees.