St Lukes Cornwall Hospital
St Lukes Cornwall Hospital maintains stable financial operations with consistent revenue growth and no reported officer compensation.
EIN: 141340054 · Newburgh, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $285.2M |
| Total Expenses | $264.1M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $250 |
| Net Assets | $95.7M |
| Transparency Score | 85/100 |
Is St Lukes Cornwall Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Lukes Cornwall Hospital directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Lukes Cornwall Hospital
St Lukes Cornwall Hospital (EIN: 141340054) is a nonprofit organization based in Newburgh, NY, classified under NTEE code E220. The organization reported total revenue of $285.2M and total assets of $177.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Lukes Cornwall Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Lukes Cornwall Hospital is a major nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268.2M |
| Total Expenses | $264.1M |
| Surplus / Deficit | +$4.1M |
| Total Assets | $195.3M |
| Total Liabilities | $99.6M |
| Net Assets | $95.7M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 51.0% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, St Lukes Cornwall Hospital reported a surplus of $4.1M with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 51.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Lukes Cornwall Hospital's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +5.7% | +0.0% |
| 2022 | -4.6% | +2.4% | -13.4% |
| 2021 | -0.6% | +4.2% | -3.8% |
| 2020 | +7.2% | +1.9% | +39.2% |
| 2019 | +7.9% | +5.5% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 St Lukes Cornwall Hospital 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: 95%
- fundraising: 0%
According to IRS 990 filings, St Lukes Cornwall Hospital allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $4.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% in recent filings (2019-2023), which is highly unusual for an organization of this size with revenues exceeding $250 million annually. This suggests either that compensation is not reported under 'officer compensation' or that executives are compensated through a related entity, or that the hospital operates with 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 St Lukes Cornwall Hospital's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may indicate compensation is reported elsewhere or through a related entity, or a unique compensation structure.
Strengths
The following positive indicators were identified for St Lukes Cornwall Hospital:
- Consistent revenue growth, from $167,014,198 in 2014 to $268,202,117 in 2023.
- Positive operating margins in most recent years, with 2023 revenue ($268,202,117) exceeding expenses ($264,121,853).
- Growing asset base, increasing from $155,483,808 in 2014 to $195,286,803 in 2023.
- No reported officer compensation in recent filings (2019-2023), suggesting a high allocation of resources to mission-related activities.
Frequently Asked Questions about St Lukes Cornwall Hospital
Is St Lukes Cornwall Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, St Lukes Cornwall Hospital (EIN: 141340054) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does St Lukes Cornwall Hospital spend its money?
St Lukes Cornwall Hospital directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Lukes Cornwall Hospital tax-deductible?
St Lukes Cornwall Hospital is registered as a tax-exempt nonprofit (EIN: 141340054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Lukes Cornwall Hospital CEO make?
St Lukes Cornwall Hospital's highest-compensated officer earns $250 annually. The organization reported $285.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does St Lukes Cornwall Hospital compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), St Lukes Cornwall Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Lukes Cornwall Hospital located?
St Lukes Cornwall Hospital is headquartered in Newburgh, New York and files with the IRS under EIN 141340054. It is classified under NTEE code E220.
How many years of IRS 990 filings does St Lukes Cornwall Hospital have?
St Lukes Cornwall Hospital 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 $285.2M in total revenue.
Is St Lukes Cornwall Hospital a good charity?
Based on the provided financial data, St Lukes Cornwall Hospital appears to be a financially stable organization with consistent revenue growth and a positive operating margin in recent years. The reported 0% officer compensation is a notable point, suggesting a strong focus on program spending, which generally aligns with characteristics of a 'good charity' in terms of resource allocation.
How has St Lukes Cornwall Hospital's financial health changed over time?
St Lukes Cornwall Hospital has shown consistent revenue growth, from $167,014,198 in 2014 to $268,202,117 in 2023. Expenses have also increased but generally at a slower rate, leading to positive operating margins in most recent years. Assets have grown significantly, from $155,483,808 in 2014 to $195,286,803 in 2023, indicating a strengthening financial position.
What is the trend in St Lukes Cornwall Hospital's liabilities?
Liabilities for St Lukes Cornwall Hospital have fluctuated but remained substantial. They were $120,762,412 in 2014, peaked at $163,792,627 in 2020, and have since decreased to $99,562,210 in 2023. While the recent decrease is positive, the overall level of liabilities warrants continued observation.
Filing History
IRS 990 filing history for St Lukes Cornwall Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Lukes Cornwall Hospital's revenue has grown by 44.9%, moving from $185.1M to $268.2M. Total assets increased by 3.1% over the same period, from $189.5M to $195.3M. Total functional expenses rose by 45.9%, from $181.0M to $264.1M. In its most recent filing year (2023), St Lukes Cornwall Hospital reported a surplus of $4.1M, with revenue exceeding expenses. The organization holds $99.6M in liabilities against $195.3M in assets (debt-to-asset ratio: 51.0%), resulting in net assets of $95.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268.2M | $264.1M | $195.3M | $99.6M | — | View 990 |
| 2022 | $250.8M | $249.9M | $195.3M | $99.4M | — | View 990 |
| 2021 | $262.7M | $244.0M | $225.5M | $129.6M | — | View 990 |
| 2020 | $264.3M | $234.1M | $234.5M | $163.8M | — | View 990 |
| 2019 | $246.5M | $229.8M | $168.5M | $126.0M | — | View 990 |
| 2018 | $228.6M | $217.7M | $146.4M | $121.1M | — | View 990 |
| 2017 | $212.9M | $203.7M | $138.4M | $121.9M | — | View 990 |
| 2016 | $193.5M | $200.4M | $121.5M | $116.5M | — | View 990 |
| 2015 | $171.2M | $184.6M | $149.3M | $123.2M | — | View 990 |
| 2014 | $167.0M | $174.2M | $155.5M | $120.8M | — | View 990 |
| 2013 | $173.7M | $181.7M | $166.9M | $110.6M | — | View 990 |
| 2012 | $180.3M | $184.1M | $195.7M | $147.4M | — | View 990 |
| 2011 | $185.1M | $181.0M | $189.5M | $135.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268.2M, expenses of $264.1M, and assets of $195.3M (revenue +7.0% year-over-year).
- 2022: Revenue of $250.8M, expenses of $249.9M, and assets of $195.3M (revenue -4.6% year-over-year).
- 2021: Revenue of $262.7M, expenses of $244.0M, and assets of $225.5M (revenue -0.6% year-over-year).
- 2020: Revenue of $264.3M, expenses of $234.1M, and assets of $234.5M (revenue +7.2% year-over-year).
- 2019: Revenue of $246.5M, expenses of $229.8M, and assets of $168.5M (revenue +7.9% year-over-year).
- 2018: Revenue of $228.6M, expenses of $217.7M, and assets of $146.4M (revenue +7.3% year-over-year).
- 2017: Revenue of $212.9M, expenses of $203.7M, and assets of $138.4M (revenue +10.1% year-over-year).
- 2016: Revenue of $193.5M, expenses of $200.4M, and assets of $121.5M (revenue +13.0% year-over-year).
- 2015: Revenue of $171.2M, expenses of $184.6M, and assets of $149.3M (revenue +2.5% year-over-year).
- 2014: Revenue of $167.0M, expenses of $174.2M, and assets of $155.5M (revenue -3.9% year-over-year).
- 2013: Revenue of $173.7M, expenses of $181.7M, and assets of $166.9M (revenue -3.6% year-over-year).
- 2012: Revenue of $180.3M, expenses of $184.1M, and assets of $195.7M (revenue -2.6% year-over-year).
- 2011: Revenue of $185.1M, expenses of $181.0M, and assets of $189.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Lukes Cornwall Hospital:
Data Sources and Methodology
This transparency report for St Lukes Cornwall Hospital 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.