Staten Island Heart Society Inc

Analysis

Staten Island Heart Society Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Staten Island Heart Society Inc reported income of $228k and spending of $216k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $487k to $228k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Staten Island Heart Society Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include FHCSD Growth Fund Inc ($227k), Parents Helping Parents Inc ($228k) and Serise Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $105k (48% of expenses). At year end it held assets of $70k against liabilities of $0, net assets of $70k. It reported 1 employees.