Albany Med Health System

Analysis

Albany Med Health System is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albany Med Health System reported income of $6.2m and spending of $2.2m, leaving 64% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.4m to $6.2m (+154%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Albany Med Health System sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Happi Health ($6.2m), Better Way of Miami Inc ($6.2m) and GBS Cidp Foundation International ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $238k (11% of expenses). Other salaries and wages came to $148k. At year end it held assets of $13.1m against liabilities of $0, net assets of $13.1m.