Floating Hospital Foundation Inc

Analysis

Floating Hospital Foundation Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Floating Hospital Foundation Inc reported income of $2.0m and spending of $640k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Floating Hospital Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Gateway House Inc ($2.0m), The Herren Project ($2.0m) and Sutter Roseville Medical Center Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $325k. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.0m. It reported 7 employees.