Southern Tier Health Care System Inc

Analysis

Southern Tier Health Care System Inc is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in January 1997, 29 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, Southern Tier Health Care System Inc reported income of $1.5m and spending of $998k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $1.5m (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southern Tier Health Care System Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Grace Counseling Inc ($1.5m), Southern York County Emergency Medical Services ($1.5m) and Santa Barbara New House ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $137k (14% of expenses). Other salaries and wages came to $303k. At year end it held assets of $3.2m against liabilities of $753k, net assets of $2.4m. It reported 8 employees.