Rochester General Hospital

Analysis

Rochester General Hospital is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1937, 89 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, Rochester General Hospital reported income of $1.58bn and spending of $1.57bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.07bn to $1.58bn (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rochester General Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Loma Linda University Medical Center ($1.58bn), Commonspirit Washington ($1.59bn) and Nationwide Childrens Hospital Inc ($1.58bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3.7m (0.2% of expenses). Other salaries and wages came to $587.9m. At year end it held assets of $2.09bn against liabilities of $1.22bn, net assets of $861.7m. It reported 11,035 employees.