Mount St Marys Hospital of Niagara Falls

Analysis

Mount St Marys Hospital of Niagara Falls 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount St Marys Hospital of Niagara Falls reported income of $149.6m and spending of $131.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98.4m to $149.6m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount St Marys Hospital of Niagara Falls sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Western Healthconnect ($149.6m), Genesis Health System ($149.7m) and Lake Region Healthcare Corporation ($149.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Other salaries and wages came to $56.6m. At year end it held assets of $139.5m against liabilities of $123.9m, net assets of $15.6m. It reported 988 employees.