Bronxcare Health System

Analysis

Bronxcare Health System is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 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, Bronxcare Health System reported income of $950.1m and spending of $927.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $771.4m to $950.1m (+23%), an average of +5.3% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bronxcare Health System 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 Childrens Hospital of Wisconsin Inc ($938.0m), St Francis Hospital ($960.2m) and Mary Washington Healthcare ($937.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $6.1m (0.7% of expenses). Other salaries and wages came to $415.5m. At year end it held assets of $971.5m against liabilities of $560.6m, net assets of $410.9m. It reported 4,601 employees.