Harmony Health Care Long Island

Analysis

Harmony Health Care Long Island is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harmony Health Care Long Island reported income of $61.7m and spending of $52.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.1m to $61.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harmony Health Care Long Island 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 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Central Valley Medical Center ($61.7m), Montefiore Mount Vernon Hospital ($61.7m) and Christ Community Health Services Inc ($61.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.6m (3.2% of expenses). Other salaries and wages came to $22.8m. At year end it held assets of $71.7m against liabilities of $29.1m, net assets of $42.6m. It reported 436 employees.