Hellenic Medical Society of New York Inc

Analysis

Hellenic Medical Society of New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1985, 41 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 February 2023, Hellenic Medical Society of New York Inc reported income of $422k and spending of $480k, spending 114% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income grew from $285k to $422k (+48%), an average of +14% a year. The sharpest change came in the year to February 2023, when income rose by 243%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hellenic Medical Society of New York Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Southern Humboldt Community Healthcare Foundation ($422k), Joe Beretta Foundation ($422k) and Hope for Fertility Foundation ($421k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 71% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $53k (11% of expenses). At year end it held assets of $760k against liabilities of $5,300, net assets of $755k.

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.