Cayuga Medical Center Foundation

Analysis

Cayuga Medical Center Foundation is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cayuga Medical Center Foundation reported income of $1.1m and spending of $739k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $1.1m (+694%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 318%. 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, Cayuga Medical Center Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Youth M O V E National ($1.1m), Samaritan Health & Living Center Inc ($1.1m) and Im Still Standing by Grace Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. It paid $571k in professional fundraising fees. At year end it held assets of $16.3m against liabilities of $11.5m, net assets of $4.9m.