Nassau Health Care Foundation Inc

Analysis

Nassau Health Care Foundation Inc is a registered charity in United States, based in East Meadow, NY. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nassau Health Care Foundation Inc reported income of $1.7m and spending of $2.2m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.7m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 169% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nassau Health Care Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include New Day Foundation for Families ($1.7m), Manheim Township Ambulance Association ($1.7m) and Openelis Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $79k (3.6% of expenses). Other salaries and wages came to $136k. At year end it held assets of $4.6m against liabilities of $59k, net assets of $4.5m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.