Health Center Network of New York Inc

Analysis

Health Center Network of New York Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2012, 14 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, Health Center Network of New York Inc reported income of $4.6m and spending of $4.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.6m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Center Network of New York Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Caring Network NFP ($4.6m), American Academy of Nursing Inc ($4.6m) and Rural Health Access Corporation ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $241k (5.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.3m against liabilities of $259k, net assets of $2.1m. It reported 14 employees.