Nuvance Health

Analysis

Nuvance Health is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in December 2019, 7 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 iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nuvance Health reported income of $313.6m and spending of $315.2m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $39k to $313.6m (+800843%), an average of +846% a year. The sharpest change came in the year to September 2020, when income dropped by 100%. 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, Nuvance Health sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include McLeod Health ($313.4m), Samaritan Daytop Village Inc ($313.7m) and Southern New Hampshire Medical Center ($313.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $10.6m (3.4% of expenses). Other salaries and wages came to $121.8m. At year end it held assets of $398.9m against liabilities of $412.2m, net assets of -$13.3m. It reported 1,215 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.