Valley Health Services Inc

Analysis

Valley Health Services Inc is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in November 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valley Health Services Inc reported income of $14.7m and spending of $15.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.0m to $14.7m (-2.0%), an average of -0.5% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Health Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Minnesota Valley Health Center Inc ($14.7m), Suburban-Nrh Medical Rehabilitation Inc ($14.7m) and North Country Family Health Center Inc ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $528k (3.3% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $8.9m against liabilities of $10.2m, net assets of -$1.2m. It reported 368 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.