Society for Hospital and Resources Exchange Inc

Analysis

Society for Hospital and Resources Exchange Inc is a registered charity in United States, based in Piermont, NY. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Society for Hospital and Resources Exchange Inc reported income of $357k and spending of $478k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $357k (+19%), an average of +4.4% a year. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Society for Hospital and Resources Exchange Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Sphoorti Foundation USA ($357k), Fund for the European University at St Petersburg ($357k) and Armenian Relief Corps Inc ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $359k against liabilities of $4,502, net assets of $354k.