Guthrie Cortland Medical Center

Analysis

Guthrie Cortland Medical Center is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in September 1957, 69 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 June 2023, Guthrie Cortland Medical Center reported income of $113.4m and spending of $121.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.0m to $113.4m (+136%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 101%. 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, Guthrie Cortland 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 Seven Counties Services Inc ($113.2m), Salem Community Hospital ($113.5m) and Gritman Medical Center Inc ($113.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $824k (0.7% of expenses). Other salaries and wages came to $43.9m. At year end it held assets of $254.0m against liabilities of $190.7m, net assets of $63.3m. It reported 838 employees.