Cuba Memorial Hospital Inc

Analysis

Cuba Memorial Hospital Inc is a registered charity in United States, based in Cuba, NY. It received its IRS tax-exemption ruling in May 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, Cuba Memorial Hospital Inc reported income of $9.5m and spending of $11.8m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.0m to $9.5m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. 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, Cuba Memorial Hospital Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Atlantic Health System Inc ($9.5m), Northern Montana Health Care Inc ($9.5m) and Griffith Centers Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $173k (1.5% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $11.8m against liabilities of $3.5m, net assets of $8.2m. It reported 186 employees.