Healthcare Information Xchange of New York Inc

Analysis

Healthcare Information Xchange of New York Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 2010, 16 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, Healthcare Information Xchange of New York Inc reported income of $10.6m and spending of $10.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $10.6m (+10%), an average of +2.4% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Information Xchange of New York Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Viecare Armstrong LLC ($10.6m), Homeplus Care ($10.6m) and Edgar P Benjamin Healthcare Center Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.1m (10% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $12.9m against liabilities of $4.7m, net assets of $8.2m. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.