Glens Falls Hospital Self Ins Trust

Analysis

Glens Falls Hospital Self Ins Trust is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Glens Falls Hospital Self Ins Trust reported income of $2.6m and spending of $1.1m, leaving 59% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $2.5m to $2.6m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glens Falls Hospital Self Ins Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Rahway Day Care Center Inc ($2.6m), Boy Scouts of America ($2.6m) and Arc of Shelby County Inc ($2.6m).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 80% of the total. At year end it held assets of $11.9m against liabilities of $0, net assets of $11.9m.