Alice Hyde Medical Center

Analysis

Alice Hyde Medical Center is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in April 1938, 88 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 September 2023, Alice Hyde Medical Center reported income of $94.4m and spending of $105.3m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $101.0m to $94.4m (-6.6%), an average of -1.7% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alice Hyde Medical Center 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 Waianae District Comprehensive Health and Hospital Board ($94.4m), St Anthony Regional Hospital and Nursing Home ($94.4m) and Cumberland Medical Center Inc ($94.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $261k (0.2% of expenses). Other salaries and wages came to $58.7m. At year end it held assets of $59.9m against liabilities of $56.2m, net assets of $3.7m. It reported 867 employees.

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.