Hamaspik Choice Inc

Analysis

Hamaspik Choice Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in August 2013, 13 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 Choice Inc reported income of $212.3m and spending of $238.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117.0m to $212.3m (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hamaspik Choice 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 99th percentile within NY. Charities of a similar size with the same main cause include Solaris Foundation Inc ($212.1m), Arh Tug Valley Health Services Inc ($213.4m) and Stamford Health Medical Group Inc ($212.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $5.5m (2.3% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $98.8m against liabilities of $76.6m, net assets of $22.2m. It reported 410 employees.