Ellis Hospital Foundation Inc

Analysis

Ellis Hospital Foundation Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ellis Hospital Foundation Inc reported income of $4.3m and spending of $3.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.3m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 242%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ellis Hospital Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Mercymed of Columbus ($4.3m), Sto-Rox Neighborhood Health Council Inc ($4.3m) and Alcohol and Drug Abuse Treatment Centers Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $206k (6.2% of expenses). Other salaries and wages came to $355k. It paid $300k in professional fundraising fees. At year end it held assets of $23.0m against liabilities of $284k, net assets of $22.7m.