Sisters of Charity Hospital of Buffalo New York

Analysis

Sisters of Charity Hospital of Buffalo New York is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1946, 80 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, Sisters of Charity Hospital of Buffalo New York reported income of $391.8m and spending of $407.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $337.4m to $391.8m (+16%), an average of +3.8% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sisters of Charity Hospital of Buffalo New York sits at the 98th percentile: it is larger than about 98% of them. 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 Episcopal Health Services Inc ($389.9m), McLaren Macomb ($392.4m) and Health First Shared Services Inc ($388.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 93% of the total. Other salaries and wages came to $146.6m. At year end it held assets of $270.1m against liabilities of $276.3m, net assets of -$6.2m. It reported 2,290 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.