Samaritan Medical Center

Analysis

Samaritan Medical Center is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in July 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, Samaritan Medical Center reported income of $349.2m and spending of $335.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276.7m to $349.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Samaritan Medical Center sits at the 98th percentile: it is larger than about 98% 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 Yakima Valley Farm Workers Clinic ($349.1m), Salina Regional Health Center Inc ($350.6m) and Montefiore Nyack Hospital ($349.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $6.1m (1.8% of expenses). Other salaries and wages came to $126.3m. At year end it held assets of $282.3m against liabilities of $151.6m, net assets of $130.7m. It reported 2,390 employees.