Hemophilia Association of New York Inc

Analysis

Hemophilia Association of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1954, 72 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, Hemophilia Association of New York Inc reported income of $572k and spending of $1.0m, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $435k to $572k (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 441%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hemophilia Association of New York Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Louisiana Lions Eye Foundation Inc ($572k), Lily Haven ($572k) and Hands of Hope Clinic Inc ($572k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $202k (20% of expenses). Other salaries and wages came to $178k. At year end it held assets of $3.2m against liabilities of $131k, net assets of $3.1m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.