Cayuga Medical Center at Ithaca

Analysis

Cayuga Medical Center at Ithaca is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in April 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cayuga Medical Center at Ithaca reported income of $338.3m and spending of $365.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $270.3m to $338.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cayuga Medical Center at Ithaca 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 Northeast Georgia Physicians Group Inc ($337.4m), Texas Health Harris Methodist Hospital Hurst-Euless-Bedford ($338.6m) and Lahey Clinic Inc ($337.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.5m (0.4% of expenses). Other salaries and wages came to $121.6m. At year end it held assets of $380.8m against liabilities of $206.6m, net assets of $174.2m. It reported 2,304 employees.