The Foundation of St Marys Hospital at Amsterdam Inc

Analysis

The Foundation of St Marys Hospital at Amsterdam Inc is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in April 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation of St Marys Hospital at Amsterdam Inc reported income of $263k and spending of $709k, spending 270% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $263k (-93%), an average of -49% a year. The sharpest change came in the year to June 2023, when income dropped by 91%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation of St Marys Hospital at Amsterdam Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include PTA Colorado Congress ($263k), Friends of the Goethe Academy ($263k) and First Lutheran Church Foundation ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 159% of the total. Other salaries and wages came to $85k. At year end it held assets of $15.6m against liabilities of $1.3m, net assets of $14.3m. It reported 3 employees.