Canton-Potsdam Hospital

Analysis

Canton-Potsdam Hospital is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in September 1973, 53 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, Canton-Potsdam Hospital reported income of $262.4m and spending of $258.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222.0m to $262.4m (+18%), an average of +4.3% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Canton-Potsdam Hospital sits at the 97th percentile: it is larger than about 97% 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 Scottsdale Healthcare Corp ($262.0m), CHS Physician Partners PC ($262.6m) and Atrium Medical Center ($262.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $239k (0.1% of expenses). Other salaries and wages came to $135.2m. At year end it held assets of $268.0m against liabilities of $127.1m, net assets of $141.0m. It reported 1,734 employees.