Pagny Health and Research Foundation Inc

Analysis

Pagny Health and Research Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover medical research, 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 June 2023, Pagny Health and Research Foundation Inc reported income of $604k and spending of $706k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $476k to $604k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2020, when income rose by 204%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pagny Health and Research Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Mymichigan Medical Center Tawas Foundation ($603k), Fund Recovery ($604k) and The Rick Herrema Foundation Inc ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $365k. At year end it held assets of $1.2m against liabilities of $727k, net assets of $477k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.