ALBANY MED HEALTH SYSTEM
47 NEW SCOTLAND AVE, ALBANY, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $316,046,827 | $312,456,150 | $40,896,609 |
| FY2023 | $292,550,462 | $288,618,555 | $36,722,345 |
| FY2022 | $249,647,567 | $245,717,189 | $33,665,501 |
| FY2021 | $222,722,582 | $219,785,477 | $22,526,594 |
| FY2020 | $204,870,730 | $202,717,723 | $14,118,344 |
| FY2019 | $201,756,350 | $198,436,940 | $15,855,801 |
| FY2018 | $187,434,246 | $185,241,175 | $14,269,599 |
| FY2017 | $174,091,290 | $173,890,742 | $12,999,074 |
| FY2016 | $164,572,841 | $161,629,130 | $11,643,173 |
| FY2015 | $145,581,737 | $144,188,288 | $8,476,983 |
| FY2014 | $137,057,114 | $136,122,361 | $9,111,508 |
| FY2013 | $136,669,078 | $135,977,364 | $13,705,618 |
| FY2012 | $125,658,461 | $122,838,675 | $6,805,672 |
| FY2011 | $118,044,538 | $114,825,632 | $2,356,866 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $101,100 | 0% |
| Program service revenue | $312,326,728 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $312,456,150 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 97.7% of 435 Health Care organizations in NY.
- Net assets covered about 1.6 months of expenses at the end of the reporting year. That puts it in the 26th percentile among 1642 Health Care organizations in NY.
- Total revenue was higher than 95.6% of 1756 Health Care organizations in NY.
- Total revenue rose from $118,044,538 in FY2011 to $316,046,827 in FY2024, Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $2,356,866 to $40,896,609 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
AN ACADEMIC HEALTH SCIENCES SYSTEM WHOSE RESPONSIBILITIES ARE TO PROVIDE A BROAD RANGE OF PATIENT SERVICES TO THE PEOPLE OF EASTERN NEW YORK AND WESTERN NEW ENGLAND.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E21 — Health Care (in NY) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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