National Healthplex Inc

Analysis

National Healthplex Inc is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in October 1989, 37 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 June 2023, National Healthplex Inc reported income of $9.6m and spending of $13.4m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $9.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 165% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Healthplex Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Lakewood Community Service Corp ($9.6m), Supportive Living Services Inc ($9.6m) and Tazwood Community Services Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $182k (1.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $31.2m against liabilities of $77.2m, net assets of -$46.1m. It reported 95 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.