New York Gracie Square Hospital Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
OUR MISSION IS TO PROVIDE THE HIGHEST-QUALITY, STATE-OF-THE-ART MENTAL HEALTH AND CHEMICAL DEPENDENCY TREATMENT IN A WARM, HEALING ENVIRONMENT. OUR CARING, COMPASSIONATE TEAM PREPARES OUR PATIENTS TO RETURN TO THEIR FAMILIES AND COMMUNITIES AND ENGAGE IN PRODUCTIVE AND FULFILLING LIVES. WE SERVE THE DIVERSE RESIDENTS OF THE GREATER NEW YORK METROPOLITAN AREA THROUGH TREATMENT, EDUCATION AND HEALTH PROMOTION.
- Income
- $86.0 million
- Spending
- $84.0 million
- Spent on programs
- 87%
- Reserves
- -1 months of spending
- Largest source of income
- fees for its services, 99%
- Employees
- 542
- Volunteers
- 25
- Highest pay
- $3.3 million, treasurer
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 55 out of 100. Higher than 30% of charities in its peer group (mental health, $10m to $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
10 of 20It owes 45% of what it owns.
Living within its means
15 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 8% on the year before.
Spending floor
15 of 1587% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 8% of charities in its peer group (mental health, $10m to $100m).
Independent board
5 of 255 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $72.8 million spent. For more than six decades, Gracie Square Hospital has provided comprehensive and personalized behavioral healthcare to thousands of individuals in New York City and beyond. Mental health is an essential part of everyone's well-being, and the team at Gracie Square Hospital recognizes that dealing with mental health challenges can be complex and, at times, intimidating. Through our affiliation with NewYork-Presbyterian and Weill Cornell Medicine, we are dedicated to improving the lives of our patients and their loved ones through innovative approaches to diagnosis, treatment, and recovery. Furthermore, Gracie Square Hospital is constantly working toward eliminating the stigma of mental illness. Building on our legacy of world-class patient and family-centered care, we have achieved National Recognition for Excellence from the American Nurses Credentialing Center (ANCC) Magnet Recognition Program, and Planetree Gold certification for Patient Centered Care. In addition, we are proud to be designated as an LGBTQ+ Healthcare Equality Leader by the 2024 Healthcare Equality Index (HEI) of the Human Rights Campaign. During each patient's hospital stay, our expert social workers plan for the transition to outpatient care and facilitate connections with community resources to promote recovery. Gracie Square Hospital's multifaceted interdisciplinary and targeted approach incorporates medications; individual, milieu, and group therapy; and/or therapeutic activities into treatment plans. We work together to promote wellness while providing patients with skills to reduce the risk of relapse and enhance function and independence. Specialized patient care programs include: Young Adult & College Student Programfor young adults ages 18-25 with emerging psychiatric disorders. Symptoms of major psychiatric disorders, including affective and psychotic disorders, often begin in the late teens or early 20s. The sooner treatment begins, the better outcomes will be. Older Adult Program(Geriatric Service) for people age 65 and older with psychiatric disorders that require inpatient treatment. Team members have training in the care of older adults. Psychiatrists and internists on this unit are also knowledgeable about co-existing medical conditions that may cause psychiatric symptoms. They manage patients' psychiatric and non-psychiatric medications and pay careful attention to drug interactions. Psychotic Disorders Programfor individuals with acute symptoms of schizophrenia and schizoaffective disorders, as well as those with bipolar disorder with psychotic features. Ketamine Therapy Programis a safe and effective treatment for individuals suffering with depression, especially if their symptoms have not responded to other medications. It can also help people with thoughts to harm or kill themselves. We offer ketamine infusions to those on our inpatient units. We work closely with all members of your care team including psychiatrists, nurse practitioners, internists, nurses and social workers, and with you to determine if a ketamine infusion is right for you and to be with you during the Ketamine infusions. Dual Focus Programfor people with significant emotional or psychiatric problems plus abuse challenges. Many of these patients suffer from two co-existing illnesses. They may be treated either in mental health or addiction systems, or shuttled back and forth between them - an often unsuccessful approach. The Dual Focus Program addresses both psychiatric and addiction components through customized treatment plans. The team includes addiction-trained social workers. Crisis Stabilization Programfor patients with mood and anxiety disorders, post-traumatic stress disorders, and other psychiatric syndromes and who are in distress. Asian Psychiatry Programprovides culturally appropriate services to members of Chinese, Korean, Japanese, and other Asian communities in need of inpatient mental health care. The program is directed by a culturally diverse clinical team and support staff who speak Mandarin, Cantonese, Chinese ethnic dialects, Korean, Japanese, and other Asian languages. Activities incorporate Asian influences and the unit is decorated with Asian art. Patients are served Chinese food and tea, and educational materials and newspapers are available in both English and Asian languages. Affective (Mood) Disorders Programfor patients with mood disorders such as depression and bipolar disorder. Patients at Gracie Square Hospital benefit from a multidisciplinary care team specially trained to meet their personal needs. We call upon specialists from other areas of medicine as needed, ensuring that our patients benefit from the comprehensive range of healthcare services available through the NewYork-Presbyterian network. Our treatment team includes: Certified occupational therapists -Our certified occupational therapists focus on enabling individuals to re-engage in meaningful occupations through a variety of skill sets such as skills development, establishing positive habits and routines, setting therapy goals, using cognitive-behavioral techniques (CBT), and understanding underlying physiological influences. They help our patients develop, recover, improve, and maintain the skills needed for daily living and working. Certified alcoholism and substance abuse counselor -These professionals provide care and support for patients dealing with co-occurring disorders, such as alcohol and/or drug use and a mental health condition. Internist or family nurse practitioner -After conducting thorough physical and neurological examinations, the primary care provider orders any needed diagnostic testing, identifies medical conditions present, and designs medical treatment plans. Nursing aides -Our aides help provide for the comfort and safety of our patients through assistance with activities of daily living and education. They support our patients, family members, and other caregivers. Nutritionist - A nutritionist with experience
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1997.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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