Lourdes Hospital Foundation Inc

Analysis

Lourdes Hospital Foundation Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in May 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lourdes Hospital Foundation Inc reported income of $1.9m and spending of $2.1m, spending 114% of what it took in. Across the 5 years on record, from October 2019 to June 2023, income grew from $1.6m to $1.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to October 2021, when income rose by 220%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lourdes Hospital Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Cancer Foundation for New Mexico ($1.9m), Beaufort Ems Inc ($1.9m) and Patientrightsadvocate Org Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $31.5m against liabilities of $1.3m, net assets of $30.1m.