White Plains Medical Center

Analysis

White Plains Medical Center is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in September 1941, 85 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, White Plains Medical Center reported income of $1.04bn and spending of $902.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $759.2m to $1.04bn (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, White Plains Medical Center sits at the 99th 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 Cobb Hospital ($1.03bn), University of Alabama Health Services Foundation PC ($1.04bn) and Christus Health ($1.03bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $11.9m (1.3% of expenses). Other salaries and wages came to $325.2m. At year end it held assets of $1.72bn against liabilities of $761.0m, net assets of $959.1m. It reported 5,499 employees.