Soldiers & Sailors Memorial

Analysis

Soldiers & Sailors Memorial is a registered charity in United States, based in Penn Yan, NY. It received its IRS tax-exemption ruling in March 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, Soldiers & Sailors Memorial reported income of $54.9m and spending of $48.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.8m to $54.9m (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soldiers & Sailors Memorial sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Valley Health Team Inc ($54.9m), Usona Institute Inc ($54.9m) and Siskin Hospital for Physical Rehabilitation ($54.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. Other salaries and wages came to $20.2m. At year end it held assets of $57.4m against liabilities of $9.6m, net assets of $47.8m. It reported 424 employees.