Mary Imogene Bassett Hospital

Analysis

Mary Imogene Bassett Hospital is a registered charity in United States, based in Cooperstown, NY. It received its IRS tax-exemption ruling in September 1934, 92 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, Mary Imogene Bassett Hospital reported income of $694.5m and spending of $733.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $604.1m to $694.5m (+15%), an average of +3.5% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Imogene Bassett Hospital sits at the 99th percentile: it is larger than about 99% of them. 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 Jefferson Health-Northeast ($690.3m), Alegent Health - Bergan Mercy Health System ($695.3m) and St Marys Health Inc Dba Ascension ($688.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Other salaries and wages came to $348.2m. At year end it held assets of $411.2m against liabilities of $240.4m, net assets of $170.8m. It reported 3,920 employees.