Cayuga Health System Inc

Analysis

Cayuga Health System Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in December 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cayuga Health System Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $2.6m (+2017%), an average of +2017% a year. The sharpest change came in the year to December 2023, when income rose by 2017%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cayuga Health System Inc sits at the 74th percentile: it is larger than about 74% 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 Staying Alive Foundation Inc ($2.6m), Lions Medical Eye Bank and Research Center of Eastern Virginia Inc ($2.6m) and Brookes House Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 50% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $8.9m against liabilities of $1.2m, net assets of $7.7m.