Hetrick-Martin Institute Inc

Analysis

Hetrick-Martin Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hetrick-Martin Institute Inc reported income of $11.4m and spending of $10.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $11.4m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hetrick-Martin Institute 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Search for Change Inc ($11.4m), Vapor Ministries Inc ($11.4m) and Families and Community Together Inc ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $558k (5.3% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $20.9m against liabilities of $18.0m, net assets of $2.9m. It reported 75 employees.