Herkimer County Healthnet Inc

Analysis

Herkimer County Healthnet Inc is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in April 2000, 26 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, Herkimer County Healthnet Inc reported income of $399k and spending of $387k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $399k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Herkimer County Healthnet Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include East End Intensive Outpatient Inc ($398k), Pathway Clinics ($399k) and SCHC Companies Inc ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (15% of expenses). Other salaries and wages came to $197k. At year end it held assets of $289k against liabilities of $23k, net assets of $266k. It reported 7 employees.