Hoosick Falls Health Center

Analysis

Hoosick Falls Health Center is a registered charity in United States, based in Hoosick Falls, NY. It received its IRS tax-exemption ruling in May 1951, 75 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, Hoosick Falls Health Center reported income of $5.6m and spending of $8.3m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $5.6m (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 127% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoosick Falls Health Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include D-Tree International Inc ($5.6m), Regional Ambulance Service Inc ($5.6m) and Family Paths Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $128k (1.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.8m against liabilities of $13.0m, net assets of -$8.3m. It reported 119 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.