St Peters Hospital Foundation Inc

Analysis

St Peters Hospital Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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, St Peters Hospital Foundation Inc reported income of $4.5m and spending of $4.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $4.5m (+0.2%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Peters Hospital Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include New Vista School ($4.5m), American Cancer Society Inc ($4.5m) and Idaho Conservation League Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $520k. At year end it held assets of $17.0m against liabilities of $2.6m, net assets of $14.5m. It reported 7 employees.