Sisters of Charity Hospital Foundation Inc

Analysis

Sisters of Charity Hospital Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1980, 46 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 December 2023, Sisters of Charity Hospital Foundation Inc reported income of $1.2m and spending of $1.8m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sisters of Charity Hospital Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), Uptown United ($1.2m) and Hotel Trades Council and Hotel Industry Training Fund ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $163k (9.3% of expenses). Other salaries and wages came to $128k. At year end it held assets of $11.8m against liabilities of $1.0m, net assets of $10.8m. It reported 1 employees.