Housing Works Health Services III Inc

Analysis

Housing Works Health Services III Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Housing Works Health Services III Inc reported income of $43.4m and spending of $38.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $43.4m (+114%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Housing Works Health Services III Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Hopedale Medical Foundation ($43.4m), Southcoast Visiting Nurse Association Inc ($43.4m) and Franklin Primary Health Center Inc ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $631k (1.7% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $57.7m against liabilities of $7.0m, net assets of $50.7m. It reported 386 employees.