Weill Cornell Imaging at New York-Presbyterian

Analysis

Weill Cornell Imaging at New York-Presbyterian is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2009, 17 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, Weill Cornell Imaging at New York-Presbyterian reported income of $260.1m and spending of $174.9m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $176.8m to $260.1m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Weill Cornell Imaging at New York-Presbyterian sits at the 97th percentile: it is larger than about 97% 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 Wyoming Medical Center Inc ($260.0m), The Griffin Hospital ($260.5m) and Lifespan Physician Group Inc ($260.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.5m (1.5% of expenses). Other salaries and wages came to $88.4m. At year end it held assets of $271.0m against liabilities of $124.9m, net assets of $146.1m.