The Frederick Ferris Thompson Hospi Tal

Analysis

The Frederick Ferris Thompson Hospi Tal is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in August 1941, 85 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, The Frederick Ferris Thompson Hospi Tal reported income of $211.2m and spending of $212.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151.9m to $211.2m (+39%), an average of +8.6% 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, The Frederick Ferris Thompson Hospi Tal sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Au Medical Associates Inc ($211.1m), Brighton Community Hospital Association ($211.6m) and Beacon Health System Inc ($210.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.5m (0.7% of expenses). Other salaries and wages came to $97.4m. At year end it held assets of $195.1m against liabilities of $122.7m, net assets of $72.4m. It reported 2,002 employees.