Vassar Brothers Hospital

Analysis

Vassar Brothers Hospital is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in May 1937, 89 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 September 2023, Vassar Brothers Hospital reported income of $774.4m and spending of $804.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $507.4m to $774.4m (+53%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vassar Brothers Hospital 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 Piedmont Athens Regional Medical Center Inc ($774.0m), Stamford Hospital ($776.1m) and Indiana University Health Bloomingon Inc ($773.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.2m (0.1% of expenses). Other salaries and wages came to $285.8m. At year end it held assets of $1.21bn against liabilities of $711.0m, net assets of $497.5m. It reported 3,044 employees.