Westchester Medical Center Foundation Inc

Analysis

Westchester Medical Center Foundation Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Westchester Medical Center Foundation Inc reported income of $7.5m and spending of $5.2m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $7.5m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Westchester Medical Center Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Grace Hospital ($7.5m), Monarch Lifeworks ($7.5m) and The Abim Foundation ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. It paid $953k in professional fundraising fees. At year end it held assets of $41.9m against liabilities of $853k, net assets of $41.0m.