Hayswood Health Services Inc

Analysis

Hayswood Health Services Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Hayswood Health Services Inc reported income of $2.4m and spending of $2.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.4m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2020, when income dropped by 17%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hayswood Health Services Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Brazos Valley Rehabilitation Center Inc ($2.4m), Hope House of Itasca County Inc ($2.4m) and Kidney Cancer Association ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $152k (7.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $202k, net assets of $1.9m. It reported 33 employees.