St Lukes Cornwall Hospital

Analysis

St Lukes Cornwall Hospital is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in August 2002, 24 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, St Lukes Cornwall Hospital reported income of $268.2m and spending of $264.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246.5m to $268.2m (+8.8%), an average of +2.1% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Lukes Cornwall Hospital sits at the 97th percentile: it is larger than about 97% 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 Piedmont Eastside Hospital Inc ($268.1m), Hannibal Regional Healthcare System Inc ($268.7m) and Community Health Association of Spokane ($267.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.0m (1.1% of expenses). Other salaries and wages came to $91.1m. At year end it held assets of $195.3m against liabilities of $99.6m, net assets of $95.7m. It reported 1,577 employees.