Healthfirst PHSP Inc

Analysis

Healthfirst PHSP Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1995, 31 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, Healthfirst PHSP Inc reported income of $12.09bn and spending of $11.92bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.70bn to $12.09bn (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthfirst PHSP Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Corewell Health ($10.37bn), Mayo Clinic Group Return ($13.97bn) and The New York and Presbyterian Hospital ($10.25bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $4.37bn against liabilities of $3.04bn, net assets of $1.33bn.