The New York and Presbyterian Hospital

Analysis

The New York and Presbyterian Hospital is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover health care, 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, The New York and Presbyterian Hospital reported income of $10.25bn and spending of $9.76bn, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.71bn to $10.25bn (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The New York and Presbyterian Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Dignity Health ($9.91bn), Corewell Health ($10.37bn) and Providence Health & Services Washington ($9.78bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $57.4m (0.6% of expenses). Other salaries and wages came to $4.34bn. At year end it held assets of $20.09bn against liabilities of $7.98bn, net assets of $12.12bn. It reported 35,781 employees.