Friends of United Hatzalah Inc

Analysis

Friends of United Hatzalah Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of United Hatzalah Inc reported income of $144.9m and spending of $145.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.6m to $144.9m (+513%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of United Hatzalah Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Greater Washington Educational Telecommunications Association Inc ($141.1m), Museum of Fine Arts Houston ($148.0m) and The Barack Obama Foundation ($140.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.2m (0.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $96.8m against liabilities of $49.8m, net assets of $47.0m. It reported 45 employees.