Bassett Hospital of Schoharie County

Analysis

Bassett Hospital of Schoharie County is a registered charity in United States, based in Cobleskill, NY. It received its IRS tax-exemption ruling in March 1995, 31 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, Bassett Hospital of Schoharie County reported income of $47.1m and spending of $38.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.5m to $47.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bassett Hospital of Schoharie County sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Co-Mhar Inc ($47.1m), Schuyler Hospital Inc ($47.2m) and Providence St Joseph Medical Center ($47.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $277k (0.7% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $60.0m against liabilities of $5.6m, net assets of $54.4m. It reported 217 employees.