Floating Hospital Inc
Only null% goes to programs
Floating Hospital Inc is a 501(c)(3) organization based in Long Is City, New York, registered in 1924, with $33,578,866 in FY2024 revenue. CharityIndex grades it B.
2101 41st Ave, Long Is City, NY, 11101 EIN 13-1624169 Since 1924
Revenue (FY2024)
$33.6M
▲ 3.6% vs prior year
Health median: $840K
Expenses (FY2024)
$35.5M
Net assets
$7.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Floating Hospital Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Floating Hospital Inc: 3 mo reserves · -6% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Floating Hospital Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Floating Hospital Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2101 41st Ave, Long Is City, NY, 11101
- City
- Long Is City
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Website
- …
Financial trends
Revenue grew from $17.3M (FY2013) to $33.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.3MNet assets $7.8M
Operating margin
-5.7%
Spent more than it raised in the latest fiscal year.
Total assets
$17.0M
Total liabilities
$9.3M
Net assets
$7.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $33,578,866▲3.6% | $35,481,253▲14.1% | $7,760,131▼19.7% | $17,021,701▲5.0% | 990 |
| 2023 | $32,401,064▲7.0% | $31,087,766▲3.2% | $9,662,518▲15.7% | $16,206,358▲4.6% | 990 |
| 2022 | $30,271,999▲3.4% | $30,138,362▲8.5% | $8,349,220▲1.6% | $15,495,678▲21.1% | 990 |
| 2021 | $29,287,827▲8.9% | $27,786,188▲17.3% | $8,215,583▲22.4% | $12,792,635▲8.2% | 990 |
| 2020 | $26,887,400▲25.3% | $23,679,613▲10.2% | $6,713,944▲91.5% | $11,819,449▲22.7% | 990 |
| 2019 | $21,463,067▼1.4% | $21,480,552▲3.9% | $3,506,157▼0.5% | $9,632,056▲61.8% | 990 |
| 2018 | $21,772,839▲9.9% | $20,683,462▲1.0% | $3,524,142▲44.7% | $5,954,027▲16.4% | 990 |
| 2017 | $19,812,591▼6.4% | $20,483,524▲1.1% | $2,434,765▼21.6% | $5,115,810▼6.6% | 990 |
| 2016 | $21,167,942▲6.2% | $20,252,387▼0.2% | $3,105,698▲41.8% | $5,475,201▲24.3% | 990 |
| 2015 | $19,928,358▲8.6% | $20,289,444▲13.0% | $2,190,143▼14.2% | $4,403,804▼6.2% | 990 |
| 2014 | $18,354,704▲6.1% | $17,956,362▲10.9% | $2,551,229▲18.5% | $4,695,411▼4.2% | 990 |
| 2013 | $17,298,677 | $16,198,685▲13.5% | $2,152,887▲104% | $4,901,352▲9.0% | 990 |
| 2012 | — | $14,276,548▲1.1% | $1,052,895▲37966% | $4,496,016▲0.8% | 990 |
| 2011 | — | $14,119,294▼5.3% | $2,766▲102% | $4,461,738▼7.3% | 990 |
| 2010 | — | $14,909,352 | -$178,897 | $4,814,288 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $12.9M total
51 grants to Floating Hospital Inc totaling $12.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2024 | $739,951 |
| Hopewell Fund | Youth development and education | 2024 | $91,426 |
| The New York Community Trust | For program support. | 2024 | $10,000 |
| Good360 | To assist those in need | 2024 | $8,436 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2023 | $631,623 |
| Americares Foundation Inc | Ongoing | 2023 | $324,697 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $301,000 |
| The New York Community Trust | For program support. | 2023 | $150,000 |
| Hopewell Fund | Youth development and education | 2023 | $50,000 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2022 | $463,148 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $310,000 |
| Americares Foundation Inc | Ongoing | 2022 | $225,455 |
| Americares Foundation Inc | Ongoing | 2022 | $225,455 |
| American Online Giving Foundation Inc | General support | 2022 | $77,670 |
| Local Initiatives Support Corporation | See part iv | 2022 | $16,000 |
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Frequently asked questions
- Is Floating Hospital Inc a legitimate nonprofit?
- Yes. Floating Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1624169, based in Long Is City, New York. Donations are tax-deductible.
- What is Floating Hospital Inc's EIN?
- Floating Hospital Inc's Employer Identification Number (EIN) is 13-1624169.
- How much revenue does Floating Hospital Inc report?
- Floating Hospital Inc reported $33,578,866 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Floating Hospital Inc have?
- CharityIndex grades Floating Hospital Inc B, based on financial health (reserves and operating margin).
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Data for Floating Hospital Inc (EIN 13-1624169) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.