New York University Hospitals Center Veba Trust
Charlotte, NC 28262 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $53,558,431 | $1,376,304 | $444,233,250 |
| FY2023 | $49,093,390 | $965,603 | $368,812,594 |
| FY2022 | $17,897,377 | $320,736 | $90,390,189 |
| FY2021 | $6,899,307 | $225,775 | $90,704,715 |
| FY2020 | $4,886,510 | $204,451 | $79,047,278 |
| FY2019 | $7,795,726 | $103,496 | $67,203,926 |
| FY2018 | $8,102,167 | $118,368 | $50,814,477 |
| FY2017 | $7,032,333 | $76,736 | $47,110,927 |
| FY2016 | $4,559,871 | $49,293 | $35,300,927 |
| FY2015 | $5,030,563 | $47,947 | $29,424,674 |
| FY2014 | $5,880,199 | $35,998 | $25,481,201 |
| FY2013 | $5,289,075 | $5,020 | $18,983,493 |
Form 990 filings
The returns filed by New York University Hospitals Center Veba Trust (EIN 46-6250356), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $31,872,459 | 60% |
| Other revenue | $21,685,972 | 40% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,376,304 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 60% 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 66.4% of 110 Mutual & Membership Benefit organizations nationwide (too few in NC for a state comparison).
- Net assets covered about 3873.3 months of expenses at the end of the reporting year. That puts it in the 98th percentile among 62 Mutual & Membership Benefit organizations in NC.
- Total revenue was the highest among 64 Mutual & Membership Benefit organizations in NC.
- Total revenue rose from $5,289,075 in FY2013 to $53,558,431 in FY2024. Revenue increased in 7 and decreased in 4 of 11 year-over-year comparisons.
- Revenue covered expenses in each of the 12 reported years, FY2013 to FY2024.
- Net assets grew from $18,983,493 to $444,233,250 between FY2013 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
TO PROVIDE RETIREE HEALTH BENEFITS TO NEW YORK UNIVERSITY HOSPITALS CENTER'S FORMER EMPLOYEES AND THEIR SPOUSES AND DEPENDENTS, ALTHOUGH OTHER BENEFITS MAY BE PROVIDED AS DESCRIBED IN THE PLAN DOCUMENT.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y44 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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