Chenango Memorial Hospital Inc

Analysis

Chenango Memorial Hospital Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in November 1944, 82 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, Chenango Memorial Hospital Inc reported income of $100.1m and spending of $93.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $78.6m to $100.1m (+27%), an average of +6.2% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chenango Memorial Hospital Inc 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 Greater Oregon Behavioral Health Inc ($100.0m), Signature Health Inc ($100.1m) and Sams Foundation ($99.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $3.1m (3.3% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $99.1m against liabilities of $38.4m, net assets of $60.7m. It reported 573 employees.