Schenectady Family Health Services Inc

Analysis

Schenectady Family Health Services Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in December 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 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 December 2023, Schenectady Family Health Services Inc reported income of $28.7m and spending of $21.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $28.7m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Schenectady Family Health Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Hunterdon Specialty Care PC ($28.7m), Danville Pittsylvania Community Services ($28.7m) and Portsmouth Hospital Corporation ($28.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $719k (3.3% of expenses). At year end it held assets of $28.8m against liabilities of $2.6m, net assets of $26.2m. It reported 199 employees.