Carthage Area Hospital Inc

Analysis

Carthage Area Hospital Inc is a registered charity in United States, based in Carthage, NY. It received its IRS tax-exemption ruling in December 1967, 59 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, Carthage Area Hospital Inc reported income of $89.2m and spending of $90.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.3m to $89.2m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carthage Area Hospital Inc sits at the 95th percentile: it is larger than about 95% 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 Sinai Health System ($89.1m), Franciscan Children Hospital ($89.2m) and Marana Health Center Inc ($89.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.9m (2.1% of expenses). Other salaries and wages came to $37.1m. At year end it held assets of $52.5m against liabilities of $45.7m, net assets of $6.8m. It reported 663 employees.