Massena Hospital Inc

Analysis

Massena Hospital Inc is a registered charity in United States, based in Massena, NY. It received its IRS tax-exemption ruling in March 2020, 6 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, Massena Hospital Inc reported income of $59.0m and spending of $59.9m, spending 102% of its income. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Massena Hospital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Childrens Hospital Pittsburgh Foundation ($59.0m), Alexian Brothers Specialty Group ($59.1m) and Titusville Area Hospital ($59.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $64k (0.1% of expenses). Other salaries and wages came to $34.6m. At year end it held assets of $39.9m against liabilities of $21.3m, net assets of $18.6m. It reported 513 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.