Northern Medical Center Inc

Analysis

Northern Medical Center Inc is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in September 2017, 9 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, Northern Medical Center Inc reported income of $1.6m and spending of $1.7m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $200k to $1.6m (+707%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 350%. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northern Medical Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Yampa Valley Medical Center Foundation ($1.6m), Teddy Bear Cancer Foundation ($1.6m) and Society of Abdominal Radiology ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $6,923 (0.4% of expenses). Other salaries and wages came to $576k. At year end it held assets of $4.4m against liabilities of $3.9m, net assets of $448k. It reported 22 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.