Fallon Health Weinberg Inc

Analysis

Fallon Health Weinberg Inc is a registered charity in United States, based in Getzville, NY. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fallon Health Weinberg Inc reported income of $45.4m and spending of $43.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $57.3m to $45.4m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fallon Health Weinberg Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Church Homes Inc Congregational ($45.3m), St Augustine Manor ($45.5m) and Quantum Leap Health Carecollaborative ($45.1m).

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 $196k (0.5% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $53.7m against liabilities of $33.3m, net assets of $20.4m. It reported 76 employees.