Hudson Headwaters Health Network

Analysis

Hudson Headwaters Health Network is a registered charity in United States, based in Queensbury, NY. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hudson Headwaters Health Network reported income of $199.7m and spending of $198.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $127.0m to $199.7m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hudson Headwaters Health Network sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Hartford Healthcare Medical Group Inc ($199.1m), Olean General Hospital ($199.9m) and Jennie Stuart Medical Center Inc ($199.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $3.8m (1.9% of expenses). Other salaries and wages came to $80.8m. At year end it held assets of $218.7m against liabilities of $63.8m, net assets of $154.8m. It reported 1,314 employees.