St Lukes Cornwall Health System Foundation Inc

Analysis

St Lukes Cornwall Health System Foundation Inc is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, St Lukes Cornwall Health System Foundation Inc reported income of $2.6m and spending of $4.7m, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $587k to $2.6m (+349%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, St Lukes Cornwall Health System Foundation Inc 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Community Foundation of the Northern Alleghenies ($2.6m), US LBM Foundation ($2.6m) and Boris Henson Foundation Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $124k. At year end it held assets of $2.5m against liabilities of $373k, net assets of $2.2m. It reported 4 employees.