Eastern Long Island Hospitalfoundation

Analysis

Eastern Long Island Hospitalfoundation is a registered charity in United States, based in Greenport, NY. It received its IRS tax-exemption ruling in January 2006, 20 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, Eastern Long Island Hospitalfoundation reported income of $3.5m and spending of $2.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $741k to $3.5m (+372%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 307%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastern Long Island Hospitalfoundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include St Margaret Memorial Hospital Foundation ($3.5m), Nami-Maine Incorporated ($3.5m) and Cancer Care Services ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $6.2m against liabilities of $442k, net assets of $5.8m.