Mercy Hospital of Buffalo

Analysis

Mercy Hospital of Buffalo 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, Mercy Hospital of Buffalo reported income of $480.2m and spending of $497.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $428.9m to $480.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Hospital of Buffalo 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 Iha Health Services Corporation ($479.8m), Mercy Hospital Fort Smith ($481.7m) and Chester County Hospital ($479.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Other salaries and wages came to $196.1m. At year end it held assets of $268.6m against liabilities of $495.0m, net assets of -$226.5m. It reported 2,760 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.