Empire State Medical Scientific and Educational Foundation Inc

Analysis

Empire State Medical Scientific and Educational Foundation Inc is a registered charity in United States, based in Camillus, NY. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Empire State Medical Scientific and Educational Foundation Inc reported income of $8.0m and spending of $7.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $8.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Empire State Medical Scientific and Educational Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Holzer Senior Care Center ($8.0m), Dignity Hospice of Southern West Virginia Inc ($8.0m) and Allen Community Development ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $505k (6.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $9.6m against liabilities of $3.1m, net assets of $6.6m. It reported 69 employees.