Central Suffolk Hospital Foundation

Analysis

Central Suffolk Hospital Foundation is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Central Suffolk Hospital Foundation reported income of $20.6m and spending of $11.9m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $20.6m (+203%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Suffolk Hospital Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Wellmore Inc ($20.6m), Centerstone Health Services Inc ($20.6m) and Harrison Community Hospital Inc ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $55.3m against liabilities of $10.6m, net assets of $44.7m.