Samaritan Hospital

Analysis

Samaritan Hospital is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in August 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 June 2023, Samaritan Hospital reported income of $441.7m and spending of $419.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $270.2m to $441.7m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Samaritan 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 Winter Haven Hospital Inc ($440.8m), Texas Essential Healthcare Partnerships Foundation ($443.0m) and Can Community Health Inc ($440.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $572k (0.1% of expenses). Other salaries and wages came to $168.9m. At year end it held assets of $335.9m against liabilities of $180.8m, net assets of $155.1m. It reported 3,027 employees.