New York Gracie Square Hospital Inc

Analysis

New York Gracie Square Hospital Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Gracie Square Hospital Inc reported income of $80.0m and spending of $75.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66.3m to $80.0m (+21%), an average of +4.8% a year. Over the whole period it spent 92% 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 Gracie Square Hospital Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Casa Colina Inc ($79.9m), Nicholas H Noyes Memorial Hospital ($80.0m) and Geisinger-Bloomsburg Hospital ($79.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (2.2% of expenses). Other salaries and wages came to $39.2m. At year end it held assets of $73.7m against liabilities of $43.9m, net assets of $29.8m. It reported 549 employees.