Adirondack Medical Center

Analysis

Adirondack Medical Center is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in January 1992, 34 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 Medical Center reported income of $145.0m and spending of $143.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $126.1m to $145.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adirondack Medical Center 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 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Martin Memorial Medical Center Inc ($144.8m), Missouri Delta Medical Center ($145.0m) and Valley Childrens Medical Group ($144.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.9m (1.3% of expenses). Other salaries and wages came to $60.0m. At year end it held assets of $100.9m against liabilities of $50.5m, net assets of $50.4m. It reported 1,087 employees.