Calvary Hospital Inc

Analysis

Calvary Hospital Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Calvary Hospital Inc reported income of $127.5m and spending of $139.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $131.3m to $127.5m (-2.9%), an average of -0.7% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Calvary Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include AIDS Arms Inc ($127.3m), Texas Medical Center ($127.7m) and Mercy Medical Center-Clinton Inc ($127.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $4.7m (3.4% of expenses). Other salaries and wages came to $67.2m. At year end it held assets of $97.6m against liabilities of $89.9m, net assets of $7.7m. It reported 1,215 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.