Calvary Hospital Inc
Calvary Hospital Inc. consistently operates with revenues around $130M but has faced recent operating deficits.
EIN: 131740274 · Bronx, NY · NTEE: E240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130.2M |
| Total Expenses | $139.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $7.7M |
| Transparency Score | 75/100 |
Is Calvary Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Calvary Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Calvary Hospital Inc
Calvary Hospital Inc (EIN: 131740274) is a nonprofit organization based in Bronx, NY, classified under NTEE code E240. The organization reported total revenue of $130.2M and total assets of $105.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Calvary Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Calvary Hospital Inc is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127.5M |
| Total Expenses | $139.7M |
| Surplus / Deficit | $-12,264,400 |
| Total Assets | $97.6M |
| Total Liabilities | $89.9M |
| Net Assets | $7.7M |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 92.1% |
| Months of Reserves | 8.4 months |
Financial Health Grade: C
In 2023, Calvary Hospital Inc reported a deficit of $12.3M with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 92.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Calvary Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | -0.8% | -7.5% |
| 2022 | +3.0% | +3.9% | -3.0% |
| 2021 | -6.4% | -0.7% | -12.5% |
| 2020 | +5.3% | +3.5% | +20.9% |
| 2019 | +7.8% | +7.6% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Calvary Hospital Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Calvary Hospital Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of this size with over $100 million in annual revenue. This suggests that executive compensation may be reported under different categories or that the organization has a unique compensation structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Calvary Hospital Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $12.2M in 2023, $7.6M in 2022).
- Unusual reporting of 0% officer compensation for an organization of this scale, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Calvary Hospital Inc:
- Consistent high revenue generation, typically over $120 million annually.
- Strong asset base, consistently above $90 million, indicating financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency in reporting.
Frequently Asked Questions about Calvary Hospital Inc
Is Calvary Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Calvary Hospital Inc (EIN: 131740274) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Calvary Hospital Inc spend its money?
Calvary Hospital Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Calvary Hospital Inc tax-deductible?
Calvary Hospital Inc is registered as a tax-exempt nonprofit (EIN: 131740274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Calvary Hospital Inc CEO make?
Calvary Hospital Inc's highest-compensated officer earns $100 annually. The organization reported $130.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Calvary Hospital Inc's spending goes to programs?
Calvary Hospital Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Calvary Hospital Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Calvary Hospital Inc is above average for NTEE category E240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Calvary Hospital Inc located?
Calvary Hospital Inc is headquartered in Bronx, New York and files with the IRS under EIN 131740274. It is classified under NTEE code E240.
How many years of IRS 990 filings does Calvary Hospital Inc have?
Calvary Hospital Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $130.2M in total revenue.
Why does Calvary Hospital Inc. consistently report 0% officer compensation on its IRS 990 filings?
The consistent reporting of 0% officer compensation for an organization with over $100 million in revenue is highly unusual and warrants further investigation into how executive compensation is structured and reported, as it may be categorized differently or paid through a related entity not reflected in this specific line item.
What is the cause of the recent operating deficits, such as the $12.2 million deficit in 2023 and $7.6 million in 2022?
The recent operating deficits, where expenses have exceeded revenues, suggest potential challenges in revenue generation, increasing operational costs, or strategic investments. A deeper dive into the detailed expense categories and revenue streams would be necessary to pinpoint the exact causes.
How does Calvary Hospital Inc. plan to address the trend of expenses exceeding revenue?
While the filings show a trend of expenses exceeding revenue in recent years, the 990 data alone does not detail the organization's strategies to address these deficits. This would typically involve reviewing their financial management plans, fundraising strategies, or cost-containment initiatives.
Filing History
IRS 990 filing history for Calvary Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Calvary Hospital Inc's revenue has grown by 13%, moving from $112.8M to $127.5M. Total assets decreased by 7% over the same period, from $104.9M to $97.6M. Total functional expenses rose by 25.7%, from $111.2M to $139.7M. In its most recent filing year (2023), Calvary Hospital Inc reported a deficit of $12.3M, with expenses exceeding revenue. The organization holds $89.9M in liabilities against $97.6M in assets (debt-to-asset ratio: 92.1%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127.5M | $139.7M | $97.6M | $89.9M | — | — |
| 2022 | $133.2M | $140.9M | $105.5M | $89.8M | — | View 990 |
| 2021 | $129.4M | $135.5M | $108.7M | $71.9M | — | View 990 |
| 2020 | $138.2M | $136.5M | $124.2M | $95.1M | — | View 990 |
| 2019 | $131.3M | $131.9M | $102.7M | $71.6M | — | View 990 |
| 2018 | $121.9M | $122.5M | $100.7M | $71.9M | — | View 990 |
| 2017 | $119.2M | $122.1M | $104.4M | $69.3M | — | View 990 |
| 2016 | $119.7M | $118.9M | $99.2M | $63.5M | — | View 990 |
| 2015 | $114.5M | $120.3M | $92.1M | $63.3M | — | View 990 |
| 2014 | $119.2M | $113.2M | $102.9M | $67.8M | — | View 990 |
| 2013 | $112.8M | $110.3M | $104.5M | $54.5M | — | View 990 |
| 2012 | $111.0M | $134.5M | $105.2M | $68.2M | — | View 990 |
| 2011 | $112.8M | $111.2M | $104.9M | $46.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127.5M, expenses of $139.7M, and assets of $97.6M (revenue -4.3% year-over-year).
- 2022: Revenue of $133.2M, expenses of $140.9M, and assets of $105.5M (revenue +3.0% year-over-year).
- 2021: Revenue of $129.4M, expenses of $135.5M, and assets of $108.7M (revenue -6.4% year-over-year).
- 2020: Revenue of $138.2M, expenses of $136.5M, and assets of $124.2M (revenue +5.3% year-over-year).
- 2019: Revenue of $131.3M, expenses of $131.9M, and assets of $102.7M (revenue +7.8% year-over-year).
- 2018: Revenue of $121.9M, expenses of $122.5M, and assets of $100.7M (revenue +2.3% year-over-year).
- 2017: Revenue of $119.2M, expenses of $122.1M, and assets of $104.4M (revenue -0.5% year-over-year).
- 2016: Revenue of $119.7M, expenses of $118.9M, and assets of $99.2M (revenue +4.5% year-over-year).
- 2015: Revenue of $114.5M, expenses of $120.3M, and assets of $92.1M (revenue -3.9% year-over-year).
- 2014: Revenue of $119.2M, expenses of $113.2M, and assets of $102.9M (revenue +5.7% year-over-year).
- 2013: Revenue of $112.8M, expenses of $110.3M, and assets of $104.5M (revenue +1.6% year-over-year).
- 2012: Revenue of $111.0M, expenses of $134.5M, and assets of $105.2M (revenue -1.6% year-over-year).
- 2011: Revenue of $112.8M, expenses of $111.2M, and assets of $104.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Calvary Hospital Inc:
Data Sources and Methodology
This transparency report for Calvary Hospital Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.