Long Island Select Healthcare Inc

Analysis

Long Island Select Healthcare Inc is a registered charity in United States, based in Central Islip, NY. It received its IRS tax-exemption ruling in July 2016, 10 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, Long Island Select Healthcare Inc reported income of $24.4m and spending of $22.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.8m to $24.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Long Island Select Healthcare Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Highmark Health ($24.4m), Powell County Memorial Hospital Association ($24.4m) and Casa Colina Centers for Rehabilitation Inc ($24.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $729k (3.2% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $17.3m against liabilities of $9.9m, net assets of $7.4m. It reported 135 employees.