Oswego Hospital Inc

Analysis

Oswego Hospital Inc is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in May 1936, 90 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, Oswego Hospital Inc reported income of $185.5m and spending of $168.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $143.5m to $185.5m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oswego Hospital Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Ashtabula County Medical Center ($184.8m), Loyola University Health System ($186.0m) and Anderson Hospital ($184.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.9m (1.2% of expenses). Other salaries and wages came to $78.7m. At year end it held assets of $134.0m against liabilities of $41.9m, net assets of $92.1m. It reported 1,415 employees.