Bassett Healthcare Network

Analysis

Bassett Healthcare Network is a registered charity in United States, based in Cooperstown, NY. It received its IRS tax-exemption ruling in December 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bassett Healthcare Network reported income of $1.3m and spending of $497k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $1.3m (+219%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 1225% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bassett Healthcare Network sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include America Scores Chicago ($1.3m), Young Mens Christian Association of Dubois Pa ($1.3m) and Friends of the Ashbrook Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 33% of the total. Other salaries and wages came to $300. At year end it held assets of $43.6m against liabilities of $77.7m, net assets of -$34.0m. It reported 12 employees.