St Peters Hospital

Analysis

St Peters Hospital is a registered charity in United States, based in Albany, 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 Peters Hospital reported income of $736.5m and spending of $714.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $670.4m to $736.5m (+9.9%), an average of +2.4% 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 Peters Hospital sits at the 99th percentile: it is larger than about 99% 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 Shelby County Health Care Corporation ($736.1m), Ascension Via Christi Hospitals Wichita Inc ($739.0m) and Naples Community Hospital Inc ($734.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.4m (0.2% of expenses). Other salaries and wages came to $244.7m. At year end it held assets of $560.2m against liabilities of $219.7m, net assets of $340.4m. It reported 4,843 employees.