The Floating Hospital
The Floating Hospital reported $33.6 million in revenue and $35.5 million in expenses for calendar year 2024. Of every $100 it spent, $89.94 went to program services, $10.06 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 53.9% of the total. Government grants made up 41.6%. The highest compensation it reported for one person was $366,578 (EXCEUTIVE VP/CMO). 48 people received more than $100,000 in reportable compensation. Revenue rose 56% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $35MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $34MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 45.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 41.6% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 53.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $366,578 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.03% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 48 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Floating Hospital is a legacy organization in nyc, founded in 1866, that provides care in the form of traditional healthcare, health education, and relief (the distribution of food, clothes, and hygiene products) to the poorest families. In addition, it operates camps, internships and life skills programs to help disrupt the cycle of poverty that engulfs those families most at risk. It is the largest provider of such care to both the city's homeless family, as well as the dv safe house, populations. A significant portion of its work is not funded by government insurance or other…
In addition to its homeless family programming, the hospital is the primary healthcare provider to those living in the queensbridge/ravenswood houses, the largest public housing complex in north america. There, it provides similar care and services to those in the homeless family programs
Acs medical and dental program - tfh is the medical provider to the nyc administration for children's services, which handles all aspects of youth unassociated with a specific home life at a particular time, I.e., foster children (both temporary and permanent), detained youth, etc. Tfh provides health care and health education to this medically fragile and inner-city at-risk population at sites in the bronx and brooklyn
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXCEUTIVE VP/CMO Key employee, 35.00 hrs/week | $351,154 | $0 | $15,424 | $366,578 |
| PHYSICIAN Highest compensated employee, 35.00 hrs/week | $287,967 | $0 | $1,378 | $289,345 |
| PHYSICIAN ASSISTANT Highest compensated employee, 35.00 hrs/week | $239,975 | $0 | $43,994 | $283,969 |
| PRESIDENT/GENERAL COUNSEL Officer, 30.00 hrs/week | $229,570 | $0 | $29,513 | $259,083 |
| FAMILY NURSE PRACTITIONER Highest compensated employee, 35.00 hrs/week | $214,835 | $0 | $41,218 | $256,053 |
| PHYSCIAN ASSISTANT Highest compensated employee, 35.00 hrs/week | $229,709 | $0 | $22,806 | $252,515 |
| MEDICAL DIRECTOR Highest compensated employee, 35.00 hrs/week | $219,335 | $0 | $23,910 | $243,245 |
| VP OF HUMAN RESOURCES Key employee, 35.00 hrs/week | $157,400 | $0 | $42,465 | $199,865 |
48 people received more than $100,000 in reportable compensation from The Floating Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5308
- Volunteers Part I, line 615
Private foundation grants it received
9 private foundations reported grants to The Floating Hospital totaling $739K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Floating Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Floating Hospital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Floating Hospital spent in 2024, $89.94 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- MedGlobalChicago Ridge, IL · revenue $34M · programs 85.0% · 2024
- Parents and Children TogetherHonolulu, HI · revenue $34M · programs 91.6% · FY2025
- Roots Community Health CenterSan Jose, CA · revenue $34M · programs 78.2% · FY2025
- Lawrence County Memorial HospitalLawrenceville, IL · revenue $34M · programs 89.2% · FY2025
- Third Street Community ClinicMansfield, OH · revenue $33M · programs 78.5% · 2024
Questions people ask
How much of The Floating Hospital's spending goes to programs?
In calendar year 2024, The Floating Hospital reported that 89.9% of its $35.5 million in expenses went to program services, 10.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Floating Hospital pay its top executive?
The largest total compensation The Floating Hospital reported for one person in calendar year 2024 was $366,578, for the role of EXCEUTIVE VP/CMO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Floating Hospital get its money?
Of $33.6 million in revenue in calendar year 2024, 45.7% came from contributions and grants (including 41.6% from government grants) and 53.9% from program service revenue (Form 990, Part VIII).
Is The Floating Hospital a registered charity?
The IRS lists EIN 13-1624169 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533169349304378 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443179349304864 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349301113 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243139349302379 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103059349301855 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003049349300925 · read the filing
All filings for EIN 13-1624169: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.