South Nassau Communites Hospital

Analysis

South Nassau Communites Hospital is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in January 2010, 16 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Nassau Communites Hospital reported income of $64.4m and spending of $61.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $83.3m to $64.4m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. 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, South Nassau Communites Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Adventist Healthcare Fort Washington Medical Center Inc ($64.4m), Texas Guaranteed Student Loan Corporation ($64.6m) and Wildwood Programs Inc ($64.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Other salaries and wages came to $34.7m. At year end it held assets of $36.3m against liabilities of $36.9m, net assets of -$611k. It reported 234 employees.