Little Falls Hospital

Analysis

Little Falls Hospital is a registered charity in United States, based in Little Falls, NY. It received its IRS tax-exemption ruling in March 1937, 89 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, Little Falls Hospital reported income of $50.4m and spending of $47.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.1m to $50.4m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Little Falls Hospital sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Grace Health Inc ($50.3m), Memorial Hospital Association ($50.5m) and Monroe Health Services Inc ($50.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. Other salaries and wages came to $15.6m. At year end it held assets of $47.3m against liabilities of $6.8m, net assets of $40.5m. It reported 277 employees.