Ellis Hospital

Analysis

Ellis Hospital is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in December 1942, 84 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, Ellis Hospital reported income of $444.3m and spending of $455.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $469.8m to $444.3m (-5.4%), an average of -1.4% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ellis Hospital sits at the 98th percentile: it is larger than about 98% 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 Healtheast St Johns Hospital ($444.0m), Bozeman Health Deaconess Hospital ($446.4m) and Tanner Medical Center ($443.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.1m (0.5% of expenses). Other salaries and wages came to $219.8m. At year end it held assets of $277.5m against liabilities of $183.1m, net assets of $94.4m. It reported 3,263 employees.