CHS Services Inc

Analysis

CHS Services Inc is a registered charity in United States, based in Rockville Ctr, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CHS Services Inc reported income of $334.3m and spending of $323.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250.2m to $334.3m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CHS Services 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 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Loyola University Maryland Inc ($334.1m), Tufts Medical Center Physicians Organization Inc ($335.6m) and The Mental Health Association of New York City Inc ($332.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 92% of the total. Other salaries and wages came to $148.1m. At year end it held assets of $475.8m against liabilities of $361.8m, net assets of $114.0m. It reported 1,630 employees.