Adirondack Health Institute Inc

Analysis

Adirondack Health Institute Inc is a registered charity in United States, based in Plattsburgh, NY. It received its IRS tax-exemption ruling in July 1989, 37 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, Adirondack Health Institute Inc reported income of $29.9m and spending of $28.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $54.4m to $29.9m (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. 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, Adirondack Health Institute Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Howard Memorial Hospital ($29.9m), Edgerton Hospital and Health Services Inc ($29.9m) and Gay Mens Health Crisis Inc ($29.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $558k (1.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $30.8m against liabilities of $25.7m, net assets of $5.2m. It reported 68 employees.