New York · Nonprofit
THE FLOATING HOSPITAL INC
THE FLOATING HOSPITAL INC (New York) receives grants from 42 organizations whose IRS filings report $6,839,845 to it, the largest being THE HARRY AND JEANETTE WEINBERG FOUNDATION INC ($2,005,000). 22 of them have funded it in more than one year.
- Revenue FY2024
- $34M
- Funders on record
- 42
- Grants received
- $6.8M
- Net assets
- $7.8M
What The Floating Hospital Inc does
Mission
The hospital is a free standing diagnostic and treatment center licensed under article 28 and article 31 of the nys health law located in long island city, ny. The hospital provides a broad range of primary health care services to a largely medically underserved population. Tfh is also a federally qualified health center with all three urban designations under section 330.
As stated on its FY2024 Form 990.
Programs
The 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 government-based funding.
$12,791,637 spent$8,679,993 earned by the program40% of program spendingIn 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.
$12,791,636 spent$8,679,993 earned by the program40% of program spendingAcs 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.
$6,329,529 spent20% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $31,912,802.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $6.0M to $9.6M (+62%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 50% · 2018 47% · 2019 45% · 2020 53% · 2021 54% · 2022 48% · 2023 46% · 2024 42%. Grants only. Government contracts and fees sit inside program revenue.
46% of THE FLOATING HOSPITAL INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (7% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Dominick Delorenzo
Chair of board of trustees
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 17 funders, grant income rose $75k → $1.4M.
7 of 42 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $5.5M from one payer (the payer shares this organization's board, largest The Floating Hospital Foundation Inc). These are real filings, and they are not money THE FLOATING HOSPITAL INC raised.
From the IRS filings of THE FLOATING HOSPITAL INC’s funders (the co-funder graph). Top 30 of 42 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE FLOATING HOSPITAL INC leans on a few funders — its largest provides 29% of grant income and the top three 66%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
43% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE FLOATING HOSPITAL INC.
Largest funder’s share by year: 2017 66% · 2018 96% · 2019 37% · 2020 45% · 2021 31% · 2022 36% · 2023 26% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
45% of THE FLOATING HOSPITAL INC's funders are still giving 3 years after their first grant; 52% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
THE FLOATING HOSPITAL INC draws 67% of its grant income from funders outside New York, across 12 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.3M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE FLOATING HOSPITAL INC has grown faster than half of the 4,580 health nonprofits its size.
this organization peer median middle 50% of peers· 4,580 health nonprofits $10M–$100M, FY2024
Government funding THE FLOATING HOSPITAL INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $54.9M on record.
- Department of Health and Human Services$54.9M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE FLOATING HOSPITAL INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- The Floating Hospital Foundation Inc · exempt
- Tfh Services LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for THE FLOATING HOSPITAL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE FLOATING HOSPITAL INC?
- THE FLOATING HOSPITAL INC (New York) receives grants from 42 organizations whose IRS filings report $6,839,845 to it, the largest being THE HARRY AND JEANETTE WEINBERG FOUNDATION INC ($2,005,000). 22 of them have funded it in more than one year.
- How many funders does THE FLOATING HOSPITAL INC have?
- IRS filings report 42 organizations giving $6,839,845 in grants to THE FLOATING HOSPITAL INC, 22 of which have funded it in more than one year.
- Who is the largest funder of THE FLOATING HOSPITAL INC?
- THE HARRY AND JEANETTE WEINBERG FOUNDATION INC is the largest funder on record, with $2,005,000 in grants. The full list of funders is on this page.
- How can an organization like THE FLOATING HOSPITAL INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Floating Hospital →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 42 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing