St Barnabas Hospital

Analysis

St Barnabas Hospital is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1951, 75 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, St Barnabas Hospital reported income of $573.3m and spending of $549.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $434.5m to $573.3m (+32%), an average of +7.2% 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, St Barnabas Hospital sits at the 99th percentile: it is larger than about 99% 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 Jackson Laboratory ($572.8m), Baptist Health Medical Group Inc ($574.7m) and Trustees of Mease Hospital Inc ($572.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $3.7m (0.7% of expenses). Other salaries and wages came to $244.5m. At year end it held assets of $570.3m against liabilities of $362.9m, net assets of $207.4m. It reported 3,327 employees.