Montefiore New Rochelle Hospital

Analysis

Montefiore New Rochelle Hospital is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Montefiore New Rochelle Hospital reported income of $167.9m and spending of $208.5m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $195.3m to $167.9m (-14%), an average of -3.7% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore New Rochelle Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Unity Health Care Inc ($167.9m), Louisiana State University of Medicine in New Orleans ($168.1m) and NCHMD Inc ($167.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Other salaries and wages came to $88.3m. At year end it held assets of $120.4m against liabilities of $192.3m, net assets of -$71.9m. It reported 1,190 employees.