Ira Davenport Memorial Hospital Inc

Analysis

Ira Davenport Memorial Hospital Inc is a registered charity in United States, based in Bath, NY. It received its IRS tax-exemption ruling in February 1959, 67 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, Ira Davenport Memorial Hospital Inc reported income of $22.4m and spending of $30.5m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.9m to $22.4m (-6.5%), an average of -1.7% a year. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ira Davenport Memorial Hospital Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Marshall Health Network Inc ($22.3m), Midmichigan Health Services ($22.4m) and Family Home Care Services of Brooklyn and Queens Inc ($22.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Other salaries and wages came to $11.6m. At year end it held assets of $15.8m against liabilities of $19.2m, net assets of -$3.5m. It reported 294 employees.