Hamaspik of Orange County Inc

Analysis

Hamaspik of Orange County Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in January 1997, 29 years ago. 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, Hamaspik of Orange County Inc reported income of $45.4m and spending of $48.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.7m to $45.4m (+131%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hamaspik of Orange County Inc 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 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include San Fernando Valley Community Mental Health Center Inc ($45.4m), Sir Mortimer B Davis Jewish General Hospital ($45.6m) and New York Foundation for Senior Citizens Home Attendant Services I ($45.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $577k (1.2% of expenses). Other salaries and wages came to $26.0m. At year end it held assets of $83.2m against liabilities of $7.8m, net assets of $75.4m. It reported 1,068 employees.