Mill Neck Services Inc

Analysis

Mill Neck Services Inc is a registered charity in United States, based in Mill Neck, NY. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mill Neck Services Inc reported income of $4.4m and spending of $5.9m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.4m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mill Neck Services Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Columbus Regional Healthcare System Inc ($4.4m), Covenant House Inc ($4.5m) and Jacobs Ladder Pediatric Rehab Center Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $339k (5.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $1.5m against liabilities of $3.8m, net assets of -$2.3m. It reported 99 employees.