Apis Services Inc

Analysis

Apis Services Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Apis Services Inc reported income of $30.9m and spending of $31.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.9m to $30.9m (+160%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Apis Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Fairview Physician Associates Network ($30.8m), Fall River Health Services ($30.9m) and Versiti Inc ($30.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 87% of the total. Other salaries and wages came to $16.6m. At year end it held assets of $82.5m against liabilities of $81.3m, net assets of $1.1m. It reported 5,168 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.