St Marys Healthcare

Analysis

St Marys Healthcare is a registered charity in United States, based in Amersterdam, NY. It received its IRS tax-exemption ruling in March 1946, 80 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, St Marys Healthcare reported income of $164.2m and spending of $185.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $179.4m to $164.2m (-8.5%), an average of -2.2% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marys Healthcare sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include South Shore Health System Inc ($163.8m), 26 Health Inc ($164.4m) and Tidalhealth Atlantic Inc ($163.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.1m (1.7% of expenses). Other salaries and wages came to $97.1m. At year end it held assets of $156.6m against liabilities of $39.7m, net assets of $117.0m. It reported 1,764 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.