Settlement Health and Medical Services Inc

Analysis

Settlement Health and Medical Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1979, 47 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 (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, Settlement Health and Medical Services Inc reported income of $16.6m and spending of $17.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $16.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Settlement Health and Medical Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Maryland Medicine P a ($16.6m), United Cerebral Palsy Heartland ($16.6m) and Webster Memorial Hospital Inc ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $619k (3.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $14.5m against liabilities of $4.4m, net assets of $10.1m. It reported 139 employees.