Hudson Valley Hospital Center

Analysis

Hudson Valley Hospital Center is a registered charity in United States, based in Cortlandt MNR, NY. It received its IRS tax-exemption ruling in December 1938, 88 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, Hudson Valley Hospital Center reported income of $281.5m and spending of $301.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $230.1m to $281.5m (+22%), an average of +5.2% a year. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hudson Valley Hospital Center sits at the 97th percentile: it is larger than about 97% 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 Sight Savers International Inc ($281.3m), West Georgia Medical Center Inc ($282.1m) and Deaconess Memorial Medical Center Inc ($281.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.4m (1.1% of expenses). Other salaries and wages came to $101.4m. At year end it held assets of $312.6m against liabilities of $231.1m, net assets of $81.5m. It reported 1,305 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.