Lourdes Hospital Foundation Inc
Lourdes Hospital Foundation maintains substantial assets despite fluctuating revenues and occasional deficit spending.
EIN: 161170915 · Binghamton, NY · NTEE: E22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| Net Assets | $30.1M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Lourdes Hospital Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lourdes Hospital Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lourdes Hospital Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.9M and expenses of $2.1M.
Revenue and Expenses
Lourdes Hospital Foundation Inc reported $1.9M in revenue and $2.1M in expenses, a deficit of $268K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Lourdes Hospital Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.7M (80%) |
Across stored filings, Lourdes Hospital Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Lourdes Hospital Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lourdes Hospital Foundation Inc
Lourdes Hospital Foundation Inc (EIN: 161170915) is a nonprofit organization based in Binghamton, NY, classified under NTEE code E22I. The organization reported total revenue of $6.1M and total assets of $33.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lourdes Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lourdes Hospital Foundation Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-267,698 |
| Total Assets | $31.5M |
| Total Liabilities | $1.3M |
| Net Assets | $30.1M |
| Operating Margin | -14.2% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 175.8 months |
Financial Health Grade: B
In 2023, Lourdes Hospital Foundation Inc reported a deficit of $268K with expenses exceeding revenue, holds 175.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lourdes Hospital Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +164.0% | +368.1% | +9.6% |
| 2022 | -90.6% | -48.0% | -11.5% |
| 2021 | +220.5% | -19.4% | +18.6% |
| 2020 | +48.7% | -53.4% | +2.5% |
| 2019 | -39.9% | +214.5% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Lourdes Hospital Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Lourdes Hospital Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $268K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly favorable for directing funds to the mission.
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 Lourdes Hospital Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility
- Occasional periods of expenses exceeding revenue, such as in 202306 and 201610
Strengths
The following positive indicators were identified for Lourdes Hospital Foundation Inc:
- Consistently reports 0% officer compensation, indicating high efficiency in executive pay
- Maintains a substantial asset base ($31,458,595 in 202306) providing financial stability
- Strong program focus implied by lack of officer compensation and foundation's mission
Frequently Asked Questions about Lourdes Hospital Foundation Inc
Is Lourdes Hospital Foundation Inc a legitimate charity?
Lourdes Hospital Foundation Inc (EIN: 161170915) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lourdes Hospital Foundation Inc spend its money?
Lourdes Hospital Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Lourdes Hospital Foundation Inc tax-deductible?
Lourdes Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161170915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lourdes Hospital Foundation Inc's spending goes to programs?
Lourdes Hospital Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lourdes Hospital Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lourdes Hospital Foundation Inc is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lourdes Hospital Foundation Inc located?
Lourdes Hospital Foundation Inc is headquartered in Binghamton, New York and files with the IRS under EIN 161170915. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Lourdes Hospital Foundation Inc have?
Lourdes Hospital Foundation 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 $6.1M in total revenue.
How does Lourdes Hospital Foundation Inc. manage its significant revenue fluctuations?
The organization experiences substantial year-to-year revenue changes, such as $7,595,459 in 202110 down to $711,958 in 202206. This volatility suggests reliance on large, infrequent donations or investment returns, which requires robust financial planning to ensure consistent operations.
What is the primary purpose of the foundation's substantial assets?
With assets reaching $31,458,595 in 202306, the foundation likely uses these funds as an endowment to generate investment income, support long-term projects, and provide a financial buffer for Lourdes Hospital.
Does the foundation consistently operate at a surplus?
No, the foundation has experienced periods where expenses exceeded revenue, such as in 202306 ($2,146,919 expenses vs. $1,879,221 revenue) and 201610 ($4,503,834 expenses vs. $1,487,857 revenue), indicating occasional deficit spending.
Filing History
IRS 990 filing history for Lourdes Hospital Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lourdes Hospital Foundation Inc's revenue has declined by 63.4%, moving from $5.1M to $1.9M. Total assets increased by 34.1% over the same period, from $23.5M to $31.5M. Total functional expenses rose by 2.3%, from $2.1M to $2.1M. In its most recent filing year (2023), Lourdes Hospital Foundation Inc reported a deficit of $268K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $31.5M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $30.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.1M | $31.5M | $1.3M | — | — |
| 2022 | $712K | $459K | $28.7M | $70K | — | View 990 |
| 2021 | $7.6M | $882K | $32.4M | $174K | — | View 990 |
| 2020 | $2.4M | $1.1M | $27.3M | $677K | — | — |
| 2019 | $1.6M | $2.3M | $26.7M | $968K | — | View 990 |
| 2018 | $2.7M | $747K | $25.6M | $592K | — | View 990 |
| 2017 | $1.8M | $1.1M | $25.2M | $1.4M | — | — |
| 2016 | $1.5M | $4.5M | $26.0M | $4.4M | — | View 990 |
| 2015 | $1.8M | $1.5M | $24.3M | $1.0M | — | View 990 |
| 2014 | $3.3M | $3.0M | $24.6M | $17K | — | View 990 |
| 2013 | $3.0M | $1.8M | $26.1M | $1.1M | — | View 990 |
| 2012 | $3.0M | $1.6M | $24.5M | $1.8M | — | View 990 |
| 2011 | $5.1M | $2.1M | $23.5M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $31.5M (revenue +164.0% year-over-year).
- 2022: Revenue of $712K, expenses of $459K, and assets of $28.7M (revenue -90.6% year-over-year).
- 2021: Revenue of $7.6M, expenses of $882K, and assets of $32.4M (revenue +220.5% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.1M, and assets of $27.3M (revenue +48.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $2.3M, and assets of $26.7M (revenue -39.9% year-over-year).
- 2018: Revenue of $2.7M, expenses of $747K, and assets of $25.6M (revenue +48.6% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.1M, and assets of $25.2M (revenue +19.9% year-over-year).
- 2016: Revenue of $1.5M, expenses of $4.5M, and assets of $26.0M (revenue -18.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $24.3M (revenue -44.8% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.0M, and assets of $24.6M (revenue +9.0% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.8M, and assets of $26.1M (revenue -0.6% year-over-year).
- 2012: Revenue of $3.0M, expenses of $1.6M, and assets of $24.5M (revenue -40.7% year-over-year).
- 2011: Revenue of $5.1M, expenses of $2.1M, and assets of $23.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lourdes Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Lourdes Hospital Foundation 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.