St Josephs Hospital Health Center

Analysis

St Josephs Hospital Health Center is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in July 1971, 55 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, St Josephs Hospital Health Center reported income of $569.8m and spending of $623.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $646.7m to $569.8m (-12%), an average of -3.1% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Josephs Hospital Health Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include St Vincent Hospital ($569.8m), Benefis Hospitals Inc ($570.1m) and Sarah Bush Lincoln Health Center ($568.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3.3m (0.5% of expenses). Other salaries and wages came to $206.5m. At year end it held assets of $418.8m against liabilities of $546.9m, net assets of -$128.1m. It reported 4,009 employees.