Newark Wayne Community Hospital

Analysis

Newark Wayne Community Hospital is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 1952, 74 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, Newark Wayne Community Hospital reported income of $123.1m and spending of $122.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $112.6m to $123.1m (+9.3%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newark Wayne Community Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Community Medical Centers Inc ($123.0m), Memorial Hermann Pharmacy Services LLC ($123.2m) and Tricore Laboratory Services Corporation ($122.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.3m (1.1% of expenses). Other salaries and wages came to $52.8m. At year end it held assets of $137.9m against liabilities of $46.9m, net assets of $91.0m. It reported 1,258 employees.