River Hospital Inc

Analysis

River Hospital Inc is a registered charity in United States, based in Alex Bay, NY. It received its IRS tax-exemption ruling in November 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 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, River Hospital Inc reported income of $30.7m and spending of $29.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.9m to $30.7m (+6.0%), an average of +1.5% a year. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, River Hospital Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Bestcare Treatment Services Inc ($30.7m), Chai Lifeline Inc ($30.7m) and Northwest Community Health Care ($30.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.1m (3.7% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $41.1m against liabilities of $5.2m, net assets of $35.9m. It reported 313 employees.