Nyu Langone Hospitals

Analysis

Nyu Langone Hospitals is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1998, 28 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 August 2023, Nyu Langone Hospitals reported income of $8.87bn and spending of $7.56bn, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.00bn to $8.87bn (+77%), an average of +15% a year. The sharpest change came in the year to August 2020, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nyu Langone Hospitals 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 Bon Secours Mercy Health Inc ($8.71bn), Northwestern Memorial Healthcare ($9.15bn) and Caresource Ohio Inc ($8.53bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $41.9m (0.6% of expenses). Other salaries and wages came to $2.35bn. At year end it held assets of $11.63bn against liabilities of $5.51bn, net assets of $6.12bn. It reported 28,405 employees.