Phelps Memorial Hospital Association

Analysis

Phelps Memorial Hospital Association is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in November 1954, 72 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, Phelps Memorial Hospital Association reported income of $419.9m and spending of $377.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306.6m to $419.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phelps Memorial Hospital Association sits at the 98th percentile: it is larger than about 98% of them. 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 Southwest General Health Center ($419.7m), Community Physicians of Indiana Inc ($420.0m) and Christus Health Central Louisiana ($419.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.2m (0.3% of expenses). Other salaries and wages came to $177.9m. At year end it held assets of $546.8m against liabilities of $106.2m, net assets of $440.6m. It reported 2,253 employees.