Vassar Brothers Hospital Foundation

Analysis

Vassar Brothers Hospital Foundation is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in July 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vassar Brothers Hospital Foundation reported income of $1.8m and spending of $7.6m, spending 410% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.6m to $1.8m (-67%), an average of -24% a year. The sharpest change came in the year to September 2020, when income rose by 221%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vassar Brothers Hospital Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Julie Rogers Gift of Life Free Mammogram Program ($1.8m), Ndica ($1.8m) and Alamo Area Rape Crisis Center ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $47.6m against liabilities of $487k, net assets of $47.2m.

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.