St Peters Hospital Foundation Inc
St. Peter's Hospital Foundation: Strong Assets, Fluctuating Revenue, and Consistent Program Spending
EIN: 222262982 · Albany, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $4.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $14.5M |
| Transparency Score | 85/100 |
Is St Peters Hospital Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Peters Hospital Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Peters Hospital Foundation Inc
St Peters Hospital Foundation Inc (EIN: 222262982) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $5.7M and total assets of $16.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Peters Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Peters Hospital Foundation Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-184,330 |
| Total Assets | $17.0M |
| Total Liabilities | $2.6M |
| Net Assets | $14.5M |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 44.1 months |
Financial Health Grade: B
In 2023, St Peters Hospital Foundation Inc reported a deficit of $184K with expenses exceeding revenue, holds 44.1 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Peters Hospital Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.9% | -16.6% | +11.0% |
| 2022 | +75.6% | +10.4% | +13.9% |
| 2021 | -21.8% | -40.3% | +20.6% |
| 2020 | +45.5% | +84.3% | -9.6% |
| 2019 | +15.2% | +48.3% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Peters 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, St Peters 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 $184K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
Executive compensation is not reported as a direct expense on the Form 990, with 'compensation of officers, directors, trustees, key employees, and highest compensated employees' consistently listed as $0 across all available filings.
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.
Strengths
The following positive indicators were identified for St Peters Hospital Foundation Inc:
- The foundation maintains a strong asset base, growing from $11,339,779 in 2017 to $17,036,322 in 2023, indicating financial stability.
- Consistent program spending, with a high percentage of expenses directed towards programs, demonstrates a commitment to their mission.
- The organization consistently reports no lobbying activities or political expenditures, focusing resources on its core mission.
Frequently Asked Questions about St Peters Hospital Foundation Inc
Is St Peters Hospital Foundation Inc a legitimate charity?
St Peters Hospital Foundation Inc (EIN: 222262982) 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: $5.7M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does St Peters Hospital Foundation Inc spend its money?
St Peters Hospital Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to St Peters Hospital Foundation Inc tax-deductible?
St Peters Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222262982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Peters Hospital Foundation Inc CEO make?
St Peters Hospital Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Peters Hospital Foundation Inc's spending goes to programs?
St Peters Hospital Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is St Peters Hospital Foundation Inc located?
St Peters Hospital Foundation Inc is headquartered in Albany, New York and files with the IRS under EIN 222262982.
How many years of IRS 990 filings does St Peters Hospital Foundation Inc have?
St Peters 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 $5.7M in total revenue.
What does St Peters Hospital Foundation Inc do?
St Peters Hospital Foundation Inc is a nonprofit organization in the Unknown sector, located in Albany, New York. It is classified under NTEE code Unknown.
How much revenue does St Peters Hospital Foundation Inc have?
St Peters Hospital Foundation Inc reported total revenue of $5,665,868. Based on 13 IRS 990 filings on record.
What are St Peters Hospital Foundation Inc's total assets?
St Peters Hospital Foundation Inc holds total assets of $16,588,999 as reported in IRS 990 filings.
Where is St Peters Hospital Foundation Inc located?
St Peters Hospital Foundation Inc is based in Albany, New York.
What is St Peters Hospital Foundation Inc's EIN?
St Peters Hospital Foundation Inc's Employer Identification Number (EIN) is 222262982. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Peters Hospital Foundation Inc?
St Peters Hospital Foundation Inc is classified under NTEE code Unknown (Unknown).
Is St Peters Hospital Foundation Inc a registered 501(c)(3)?
St Peters Hospital Foundation Inc appears in IRS records (EIN: 222262982). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does St Peters Hospital Foundation Inc file IRS Form 990?
Yes, St Peters Hospital Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was St Peters Hospital Foundation Inc's revenue in 2023?
In the 202306 filing period, St Peters Hospital Foundation Inc reported total revenue of $4,455,893, total expenses of $4,640,223, and net assets of $17,036,322.
Is St Peters Hospital Foundation Inc's revenue growing or declining?
St Peters Hospital Foundation Inc's revenue is declining. Revenue went from $8,885,498 (202206) to $4,455,893 (202306), a -49.9% change. Based on 13 filings on record.
What is St Peters Hospital Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for St Peters Hospital Foundation Inc covers tax period 202306. It shows revenue of $4,455,893, expenses of $4,640,223, total assets of $17,036,322, and liabilities of $2,556,016.
How much does St Peters Hospital Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, St Peters Hospital Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is St Peters Hospital Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, St Peters Hospital Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are St Peters Hospital Foundation Inc's strengths?
Positive indicators for St Peters Hospital Foundation Inc include: The foundation maintains a strong asset base, growing from $11,339,779 in 2017 to $17,036,322 in 2023, indicating financial stability.. Consistent program spending, with a high percentage of expenses directed towards programs, demonstrates a commitment to their mission.. The organization consistently reports no lobbying activities or political expenditures, focusing resources on its core mission.. These findings are derived from AI analysis of the organization's financial filings.
How does St Peters Hospital Foundation Inc compensate executives?
Executive compensation is not reported as a direct expense on the Form 990, with 'compensation of officers, directors, trustees, key employees, and highest compensated employees' consistently listed as $0 across all available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how are leadership roles compensated, and what is the rationale for this reporting structure?
The consistent $0 reporting for executive compensation suggests that leadership may be compensated through the hospital system itself, rather than directly by the foundation, or that the foundation's operational structure does not involve direct compensation to these roles from its own funds. Further investigation into the relationship with St. Peter's Hospital would clarify this.
Filing History
IRS 990 filing history for St Peters Hospital Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Peters Hospital Foundation Inc's revenue has grown by 16.7%, moving from $3.8M to $4.5M. Total assets decreased by 47% over the same period, from $32.2M to $17.0M. Total functional expenses rose by 23.9%, from $3.7M to $4.6M. In its most recent filing year (2023), St Peters Hospital Foundation Inc reported a deficit of $184K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $17.0M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.6M | $17.0M | $2.6M | — | — |
| 2022 | $8.9M | $5.6M | $15.3M | $962K | — | View 990 |
| 2021 | $5.1M | $5.0M | $13.5M | $1.2M | — | — |
| 2020 | $6.5M | $8.4M | $11.2M | $962K | — | View 990 |
| 2019 | $4.4M | $4.6M | $12.4M | $734K | — | View 990 |
| 2018 | $3.9M | $3.1M | $12.1M | $411K | — | View 990 |
| 2017 | $4.4M | $4.4M | $11.3M | $366K | — | View 990 |
| 2016 | $4.1M | $4.2M | $11.7M | $284K | — | View 990 |
| 2015 | $3.4M | $2.9M | $11.9M | $277K | — | View 990 |
| 2014 | $3.7M | $3.7M | $11.5M | $251K | — | View 990 |
| 2013 | $1.9M | $1.7M | $14.6M | $310K | — | View 990 |
| 2012 | $3.6M | $3.5M | $33.6M | $119K | — | View 990 |
| 2011 | $3.8M | $3.7M | $32.2M | $147K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.6M, and assets of $17.0M (revenue -49.9% year-over-year).
- 2022: Revenue of $8.9M, expenses of $5.6M, and assets of $15.3M (revenue +75.6% year-over-year).
- 2021: Revenue of $5.1M, expenses of $5.0M, and assets of $13.5M (revenue -21.8% year-over-year).
- 2020: Revenue of $6.5M, expenses of $8.4M, and assets of $11.2M (revenue +45.5% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.6M, and assets of $12.4M (revenue +15.2% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.1M, and assets of $12.1M (revenue -11.4% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.4M, and assets of $11.3M (revenue +7.3% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.2M, and assets of $11.7M (revenue +17.9% year-over-year).
- 2015: Revenue of $3.4M, expenses of $2.9M, and assets of $11.9M (revenue -6.0% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.7M, and assets of $11.5M (revenue +91.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.7M, and assets of $14.6M (revenue -46.9% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.5M, and assets of $33.6M (revenue -5.4% year-over-year).
- 2011: Revenue of $3.8M, expenses of $3.7M, and assets of $32.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Peters Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for St Peters 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.