Foundation of New York-Presbyterian Hudson Valley Hospital

Analysis

Foundation of New York-Presbyterian Hudson Valley Hospital is a registered charity in United States, based in Cortlandt MNR, NY. It received its IRS tax-exemption ruling in January 1986, 40 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 December 2023, Foundation of New York-Presbyterian Hudson Valley Hospital reported income of $2.7m and spending of $18k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $2.7m (+501%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 880%. Over the whole period it spent 11% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of New York-Presbyterian Hudson Valley Hospital sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include 1day Sooner Inc ($2.7m), Literacy Council of Northern Virginia Inc ($2.7m) and Everthrive Illinois ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $8.0m against liabilities of $0, net assets of $8.0m.