Health Research Incorporated Elizabeth Wood

Analysis

Health Research Incorporated Elizabeth Wood is a registered charity in United States, based in Menands, NY. It received its IRS tax-exemption ruling in March 1955, 71 years ago. Its declared purposes cover medical research, 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 March 2024, Health Research Incorporated Elizabeth Wood reported income of $1.06bn and spending of $1.14bn, spending 107% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.33bn to $1.06bn (-20%), an average of -5.4% a year. The sharpest change came in the year to March 2023, when income dropped by 25%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Research Incorporated Elizabeth Wood sits at the 99th 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 Mount Sinai Medical Center of Florida Inc ($1.06bn), SSM Health Care of Oklahoma Inc ($1.07bn) and Regions Hospital ($1.06bn).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $441k (0.0% of expenses). Other salaries and wages came to $169.4m. At year end it held assets of $900.5m against liabilities of $263.2m, net assets of $637.3m. It reported 2,644 employees.