Emblemhealth Inc

Analysis

Emblemhealth Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1997, 29 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, Emblemhealth Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $822k to $2.0m (+138%), an average of +24% a year. The sharpest change came in the year to December 2021, when income dropped by 194%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emblemhealth Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Montgomery Housing Partnership Inc ($2.0m), Postsecondary National Policy Institute ($2.0m) and Barbour County Senior Center Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.6m (81% of expenses). At year end it held assets of $828k against liabilities of $237k, net assets of $590k.