New York-Presbyterian Fund Inc

Analysis

New York-Presbyterian Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 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, New York-Presbyterian Fund Inc reported income of $375.5m and spending of $243.0m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $254.4m to $375.5m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York-Presbyterian Fund Inc sits at the 98th percentile: it is larger than about 98% 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 Ohi West Inc ($375.1m), Saint Lukes East Hospital ($376.2m) and City Hospital Inc ($374.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $3.3m (1.4% of expenses). Other salaries and wages came to $14.4m. It paid $900k in professional fundraising fees. At year end it held assets of $3.66bn against liabilities of $51.1m, net assets of $3.61bn.