Niagara Falls Memorial Medical Center

Analysis

Niagara Falls Memorial Medical Center is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in July 1942, 84 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, Niagara Falls Memorial Medical Center reported income of $128.4m and spending of $127.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122.4m to $128.4m (+4.9%), an average of +1.2% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Niagara Falls Memorial Medical Center 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 Pacific Central Coast Health Centers ($128.0m), Valley Health System Inc ($128.5m) and Hospital & Medical Foundation of Paris Inc ($128.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.6m (2.0% of expenses). Other salaries and wages came to $61.4m. At year end it held assets of $75.5m against liabilities of $58.4m, net assets of $17.2m. It reported 1,386 employees.