Niagara Lutheran Health Systems Inc

Analysis

Niagara Lutheran Health Systems Inc is a registered charity in United States, based in Lancaster, NY. It received its IRS tax-exemption ruling in September 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Niagara Lutheran Health Systems Inc reported income of $965k and spending of $946k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $965k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Niagara Lutheran Health Systems Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include East Texas Treatment Center ($965k), Alaska Youth and Family Network ($966k) and Amos Health and Hope Inc ($965k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $586k (62% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $20.7m against liabilities of $2.2m, net assets of $18.5m. It reported 32 employees.