Beth Israel Medical Center

Analysis

Beth Israel Medical Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1948, 78 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, Beth Israel Medical Center reported income of $1.31bn and spending of $1.22bn, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $915.8m to $1.31bn (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beth Israel Medical Center sits at the 99th 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 Christ Hospital ($1.30bn), Bronson Methodist Hospital ($1.31bn) and Chan Zuckerberg Biohub Inc ($1.29bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $5.3m (0.4% of expenses). Other salaries and wages came to $411.7m. At year end it held assets of $1.28bn against liabilities of $1.47bn, net assets of -$195.2m. It reported 6,113 employees.