Health Management Group Ltd

Analysis

Health Management Group Ltd is a registered charity in United States, based in Getzville, NY. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Health Management Group Ltd reported income of $10.5m and spending of $9.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $10.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Health Management Group Ltd sits at the 96th percentile: it is larger than about 96% 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 Visionspring ($10.5m), Southcoast Community Foundation Inc ($10.5m) and The Pimco Foundation ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% of the total. Compensation of current officers, directors and key employees was $572k (5.8% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $8.8m against liabilities of $2.0m, net assets of $6.8m. It reported 111 employees.