Hamaspik Care Inc

Analysis

Hamaspik Care Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in March 2015, 11 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, Hamaspik Care Inc reported income of $253.2m and spending of $211.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $53.0m to $253.2m (+378%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hamaspik Care Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Good Samaritan Regional Health Center ($253.0m), Baptist Memorial Hospital-North Mississippi Inc ($253.8m) and Associated Physicians of Harvard Faculty Physicians at Beth Isreal ($252.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.1m (0.5% of expenses). Other salaries and wages came to $179.2m. At year end it held assets of $145.9m against liabilities of $37.9m, net assets of $108.1m. It reported 9,360 employees.