Northern Westchester Hospital Center Foundation Inc

Analysis

Northern Westchester Hospital Center Foundation Inc is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Northern Westchester Hospital Center Foundation Inc reported income of $6.0m and spending of $2.5m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.3m to $6.0m (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 18% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northern Westchester Hospital Center Foundation 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Parker Family Foundation ($6.0m), Jewish Federation of Greater Dayton Inc ($6.0m) and Garden of Dreams Foundation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $204k (8.1% of expenses). Other salaries and wages came to $647k. At year end it held assets of $75.8m against liabilities of $11.3m, net assets of $64.5m. It reported 6 employees.