New York Hospital Cornell Medical Center Fund Inc
New York Hospital Cornell Medical Center Fund maintains substantial assets with zero reported officer compensation.
EIN: 136094042 · New York, NY · NTEE: E120 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $8.4M |
| Program Spending | 90% |
| Net Assets | $237.5M |
| Transparency Score | 85/100 |
Is New York Hospital Cornell Medical Center Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Hospital Cornell Medical Center Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Hospital Cornell Medical Center Fund Inc
New York Hospital Cornell Medical Center Fund Inc (EIN: 136094042) is a nonprofit organization based in New York, NY, classified under NTEE code E120. The organization reported total revenue of $14.0M and total assets of $249.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Hospital Cornell Medical Center Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Hospital Cornell Medical Center Fund Inc is a large nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-235,951 |
| Total Assets | $237.6M |
| Total Liabilities | $75K |
| Net Assets | $237.5M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 338.2 months |
Financial Health Grade: B
In 2023, New York Hospital Cornell Medical Center Fund Inc reported a deficit of $236K with expenses exceeding revenue, holds 338.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Hospital Cornell Medical Center Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.8% | +11.3% | +0.0% |
| 2022 | +4.0% | -14.8% | -3.9% |
| 2021 | +196.7% | +19.9% | +36.1% |
| 2020 | -12.3% | -4.1% | -2.5% |
| 2019 | -37.2% | -1.8% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 1958 |
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 New York Hospital Cornell Medical Center Fund 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New York Hospital Cornell Medical Center Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $236K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 New York Hospital Cornell Medical Center Fund Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $20.9M in 202206 down to $8.1M in 202306).
Strengths
The following positive indicators were identified for New York Hospital Cornell Medical Center Fund Inc:
- Consistent reporting of 0% officer compensation.
- Substantial and growing asset base, reaching $237,594,264 in 202306.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about New York Hospital Cornell Medical Center Fund Inc
Is New York Hospital Cornell Medical Center Fund Inc a legitimate charity?
New York Hospital Cornell Medical Center Fund Inc (EIN: 136094042) 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: $14.0M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does New York Hospital Cornell Medical Center Fund Inc spend its money?
New York Hospital Cornell Medical Center Fund Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Hospital Cornell Medical Center Fund Inc tax-deductible?
New York Hospital Cornell Medical Center Fund Inc is registered as a tax-exempt nonprofit (EIN: 136094042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Hospital Cornell Medical Center Fund Inc's spending goes to programs?
New York Hospital Cornell Medical Center Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Hospital Cornell Medical Center Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York Hospital Cornell Medical Center Fund Inc is above average for NTEE category E120 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Hospital Cornell Medical Center Fund Inc located?
New York Hospital Cornell Medical Center Fund Inc is headquartered in New York, New York and files with the IRS under EIN 136094042. It is classified under NTEE code E120.
How many years of IRS 990 filings does New York Hospital Cornell Medical Center Fund Inc have?
New York Hospital Cornell Medical Center Fund 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 $14.0M in total revenue.
What is the primary source of the organization's revenue given its fluctuations?
The provided data shows significant year-over-year revenue fluctuations (e.g., $20.9M in 202206 to $8.1M in 202306), suggesting reliance on grants, donations, or investment income that can vary.
How does the organization manage to operate with zero officer compensation?
Operating with zero officer compensation implies that executive functions are either performed by volunteers, compensated through a related entity, or the organization's structure does not involve paid officers in the traditional sense.
What is the specific nature of the 'Fund' and its relationship to New York Hospital Cornell Medical Center?
The NTEE code E120 (General Hospitals) suggests a direct support role, but the exact operational relationship and how funds are transferred or utilized by the main medical center are not detailed in the financial summary.
Filing History
IRS 990 filing history for New York Hospital Cornell Medical Center Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Hospital Cornell Medical Center Fund Inc's revenue has declined by 21.2%, moving from $10.4M to $8.2M. Total assets increased by 58.4% over the same period, from $150.0M to $237.6M. Total functional expenses fell by 7%, from $9.1M to $8.4M. In its most recent filing year (2023), New York Hospital Cornell Medical Center Fund Inc reported a deficit of $236K, with expenses exceeding revenue. The organization holds $75K in liabilities against $237.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $237.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $8.4M | $237.6M | $75K | — | View 990 |
| 2022 | $20.9M | $7.6M | $237.5M | $72K | — | View 990 |
| 2021 | $20.1M | $8.9M | $247.3M | $80K | — | View 990 |
| 2020 | $6.8M | $7.4M | $181.7M | $79K | — | View 990 |
| 2019 | $7.7M | $7.7M | $186.4M | $69K | — | View 990 |
| 2018 | $12.3M | $7.9M | $185.0M | $68K | — | View 990 |
| 2017 | $11.8M | $9.5M | $175.1M | $85K | — | View 990 |
| 2016 | $9.8M | $10.8M | $163.1M | $4K | — | View 990 |
| 2015 | $12.8M | $10.8M | $177.7M | $70K | — | View 990 |
| 2014 | $9.9M | $7.8M | $180.3M | $116K | — | View 990 |
| 2013 | $9.2M | $8.9M | $163.0M | $182K | — | View 990 |
| 2012 | $4.0M | $4.1M | $153.9M | $140K | — | View 990 |
| 2011 | $10.4M | $9.1M | $150.0M | $453K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $8.4M, and assets of $237.6M (revenue -60.8% year-over-year).
- 2022: Revenue of $20.9M, expenses of $7.6M, and assets of $237.5M (revenue +4.0% year-over-year).
- 2021: Revenue of $20.1M, expenses of $8.9M, and assets of $247.3M (revenue +196.7% year-over-year).
- 2020: Revenue of $6.8M, expenses of $7.4M, and assets of $181.7M (revenue -12.3% year-over-year).
- 2019: Revenue of $7.7M, expenses of $7.7M, and assets of $186.4M (revenue -37.2% year-over-year).
- 2018: Revenue of $12.3M, expenses of $7.9M, and assets of $185.0M (revenue +4.1% year-over-year).
- 2017: Revenue of $11.8M, expenses of $9.5M, and assets of $175.1M (revenue +21.0% year-over-year).
- 2016: Revenue of $9.8M, expenses of $10.8M, and assets of $163.1M (revenue -23.6% year-over-year).
- 2015: Revenue of $12.8M, expenses of $10.8M, and assets of $177.7M (revenue +29.3% year-over-year).
- 2014: Revenue of $9.9M, expenses of $7.8M, and assets of $180.3M (revenue +6.9% year-over-year).
- 2013: Revenue of $9.2M, expenses of $8.9M, and assets of $163.0M (revenue +128.8% year-over-year).
- 2012: Revenue of $4.0M, expenses of $4.1M, and assets of $153.9M (revenue -61.2% year-over-year).
- 2011: Revenue of $10.4M, expenses of $9.1M, and assets of $150.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Hospital Cornell Medical Center Fund Inc:
Data Sources and Methodology
This transparency report for New York Hospital Cornell Medical Center Fund 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.