Montefiore Nyack Hospital Foundation Inc

Analysis

Montefiore Nyack Hospital Foundation Inc is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in March 1985, 41 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, Montefiore Nyack Hospital Foundation Inc reported income of $962k and spending of $598k, leaving 38% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $904k to $962k (+6.4%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore Nyack Hospital Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Princeton Community Hospital Foundation Inc ($962k), Charles County Freedom Landing Inc ($963k) and Patient Assistance Foundation ($962k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $228k (38% of expenses). Other salaries and wages came to $194k. At year end it held assets of $3.4m against liabilities of $421k, net assets of $3.0m. It reported 3 employees.