Greater New York Hospital Foundation Inc

Analysis

Greater New York Hospital Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1978, 48 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, Greater New York Hospital Foundation Inc reported income of $368k and spending of $621k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $368k (-93%), an average of -49% a year. The sharpest change came in the year to December 2020, when income rose by 300%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater New York Hospital Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Grays Harbor Emergency Medical Services Council Inc ($368k), Hands Across Cultures ($368k) and Trauma Service Area-H Regional Advisory Council ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $61k (9.8% of expenses). Other salaries and wages came to $153k. At year end it held assets of $1.1m against liabilities of $112k, net assets of $960k.