Montefiore Einstein Advanced Care

Analysis

Montefiore Einstein Advanced Care is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in May 2022, 4 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 Einstein Advanced Care reported income of $49.6m and spending of $67.9m, spending 137% of what it took in. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore Einstein Advanced Care 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 South Shore Mental Health Center Inc ($49.5m), Vassar Health Connecticut Inc ($49.6m) and United Indian Health Services Inc ($49.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $31.6m. At year end it held assets of $35.9m against liabilities of $63.3m, net assets of -$27.4m. It reported 257 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.