Community Memorial Hospital Inc

Analysis

Community Memorial Hospital Inc is a registered charity in United States, based in Hamilton, NY. It received its IRS tax-exemption ruling in August 1956, 70 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, Community Memorial Hospital Inc reported income of $61.6m and spending of $62.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.5m to $61.6m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Memorial Hospital Inc sits at the 94th percentile: it is larger than about 94% 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 Childrens Health Care Associates of New Jersey PC ($61.6m), Christ Community Health Services Inc ($61.6m) and Critical Care Services Inc ($61.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.2m (1.9% of expenses). Other salaries and wages came to $25.5m. At year end it held assets of $35.6m against liabilities of $15.5m, net assets of $20.1m. It reported 586 employees.