MVHS Inc

Analysis

MVHS Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in February 2002, 24 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, MVHS Inc reported income of $485.8m and spending of $481.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $309.5m to $485.8m (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MVHS Inc sits at the 98th percentile: it is larger than about 98% 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 Alexian Brothers Medical Center ($485.4m), Indiana University Health North Hospital Inc ($487.2m) and Sentara Health ($485.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $3.1m (0.6% of expenses). Other salaries and wages came to $195.7m. At year end it held assets of $974.0m against liabilities of $509.9m, net assets of $464.1m. It reported 5,479 employees.