MVHS INC
111 HOSPITAL DR, UTICA, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $725,330,926 | $754,627,656 | $438,642,831 |
| FY2023 | $485,808,252 | $480,980,012 | $464,093,932 |
| FY2022 | $392,489,419 | $393,569,773 | $170,806,544 |
| FY2021 | $364,490,898 | $352,642,125 | $200,135,443 |
| FY2020 | $326,969,280 | $315,677,958 | $174,337,672 |
| FY2019 | $309,509,024 | $316,647,559 | $152,555,422 |
| FY2018 | $314,962,914 | $310,543,262 | $144,067,360 |
| FY2017 | $302,766,033 | $303,562,622 | $152,309,870 |
| FY2016 | $291,527,230 | $290,568,810 | $141,226,981 |
| FY2015 | $285,360,905 | $280,858,550 | $136,678,874 |
| FY2014 | $281,824,483 | $279,833,548 | $140,351,053 |
| FY2013 | $278,592,654 | $282,754,172 | $140,808,943 |
| FY2012 | $300,548,052 | $288,207,312 | $138,859,962 |
| FY2011 | $290,094,480 | $285,561,408 | $121,919,843 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,549,708 | 1% |
| Program service revenue | $645,705,888 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $657,432,321 | 87% |
| Management & general | $97,195,335 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 49.9% of 435 Health Care organizations in NY.
- Net assets covered about 7 months of expenses at the end of the reporting year. That puts it in the 45th percentile among 1642 Health Care organizations in NY.
- Total revenue was higher than 97.8% of 1756 Health Care organizations in NY.
- Total revenue rose from $290,094,480 in FY2011 to $725,330,926 in FY2024, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2013, FY2017, FY2019, FY2022, FY2024).
- Net assets grew from $121,919,843 to $438,642,831 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
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
THE MISSION OF MVHS AND OUR FLAGSHIP, WYNN HOSPITAL, IS TO DELIVER PREMIER HEALTHCARE TO OUR REGION, KEEPING OUR PATIENTS AS THE FOCUS OF ALL WE DO.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — Health Care (in NY) |
| Donations | Donations are generally tax-deductible (public charity). |
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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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