Nascentia Health Inc

Analysis

Nascentia Health Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Nascentia Health Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.4m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nascentia Health Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Faith Acres Foundation ($3.4m), Sanskruti Foundation ($3.4m) and Mesa Valley Community School ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.6m (78% of expenses). At year end it held assets of $45.6m against liabilities of $1.2m, net assets of $44.5m. It reported 8 employees.