Charles B Wang Community Health Center Inc

Analysis

Charles B Wang Community Health Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1974, 52 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, Charles B Wang Community Health Center Inc reported income of $86.5m and spending of $86.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77.8m to $86.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charles B Wang Community Health Center Inc sits at the 95th percentile: it is larger than about 95% of them. 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 Ohioguidestone ($86.4m), St Marys Medical Group LLC ($86.6m) and Nebraska Methodist Health System Inc ($86.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $2.2m (2.6% of expenses). Other salaries and wages came to $48.1m. At year end it held assets of $206.0m against liabilities of $108.1m, net assets of $98.0m. It reported 742 employees.