Garnet Health Medical Center Catskills

Analysis

Garnet Health Medical Center Catskills is a registered charity in United States, based in Harris, NY. It received its IRS tax-exemption ruling in July 1968, 58 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, Garnet Health Medical Center Catskills reported income of $98.5m and spending of $106.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $103.2m to $98.5m (-4.5%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income rose by 24%. 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, Garnet Health Medical Center Catskills sits at the 95th percentile: it is larger than about 95% 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 Nebraska Pediatric Practice Inc ($98.5m), Beacon Medical Group Michigan Inc ($98.5m) and Copley Hospital Inc ($98.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 90% of the total. Other salaries and wages came to $40.5m. At year end it held assets of $70.1m against liabilities of $28.0m, net assets of $42.1m. It reported 723 employees.