New York Hospital Cornell Medical Center Fund Inc

Analysis

New York Hospital Cornell Medical Center Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1958, 68 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, New York Hospital Cornell Medical Center Fund Inc reported income of $8.2m and spending of $8.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $8.2m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 197%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York Hospital Cornell Medical Center Fund Inc sits at the 83rd 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 Dahl Memorial Healthcare Association Inc ($8.2m), Rose Hill Center Inc ($8.2m) and Saint Francis Health System Inc General/Professional Liability Los ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $237.6m against liabilities of $75k, net assets of $237.5m.