Hemato Institute Inc

Analysis

Hemato Institute Inc is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in April 2023, 3 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 December 2022, Hemato Institute Inc reported income of $793k and spending of $751k, spending 95% of its income. Across the 3 years on record, from December 2018 to December 2022, income grew from $758k to $793k (+4.6%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hemato Institute Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Bridgeway Community Foundation ($793k), Masonic Home Community Based Services Inc ($793k) and Union Hospital of Cecil County Oncology Inc ($793k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $167k (22% of expenses). Other salaries and wages came to $188k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 7 employees.