Montefiore Cerc Operations Inc

Analysis

Montefiore Cerc Operations Inc is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in April 2018, 8 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 Cerc Operations Inc reported income of $4.9m and spending of $6.0m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.9m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore Cerc Operations Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Sunrise Community of Southwest Florida Inc ($4.9m), Professional Home Health Care Agency Inc ($4.9m) and Wisconsin Statewide Health Information Network Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $14.1m against liabilities of $3.9m, net assets of $10.2m. It reported 131 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.