Friends Of United Hatzalah Inc
Friends Of United Hatzalah Inc experiences rapid revenue growth and maintains 0% officer compensation, with a slight deficit in 2023.
EIN: 113533002 · New York, NY · NTEE: A70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $86.7M |
| Total Expenses | $145.8M |
| Program Spending | 90% |
| Net Assets | $47.0M |
| Transparency Score | 85/100 |
Is Friends Of United Hatzalah Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of United Hatzalah Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of United Hatzalah Inc
Friends Of United Hatzalah Inc (EIN: 113533002) is a nonprofit organization based in New York, NY, classified under NTEE code A70. The organization reported total revenue of $86.7M and total assets of $90.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of United Hatzalah Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of United Hatzalah Inc is a major nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 36.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $144.9M |
| Total Expenses | $145.8M |
| Surplus / Deficit | $-880,595 |
| Total Assets | $96.8M |
| Total Liabilities | $49.8M |
| Net Assets | $47.0M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 51.4% |
| Months of Reserves | 8.0 months |
Financial Health Grade: C
In 2023, Friends Of United Hatzalah Inc reported a deficit of $881K with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 51.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of United Hatzalah Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +198.2% | +301.7% | +87.1% |
| 2022 | -4.8% | +21.7% | +26.4% |
| 2021 | +46.7% | +4.8% | +91.3% |
| 2020 | +47.2% | +35.2% | +127.1% |
| 2019 | +11.9% | -1.2% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of United Hatzalah Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of United Hatzalah Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $881K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of United Hatzalah Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in 2023, leading to a single-year operational deficit.
- Significant increase in liabilities in 2023 from $4.1M to $49.7M, requiring further scrutiny.
Strengths
The following positive indicators were identified for Friends Of United Hatzalah Inc:
- Exceptional revenue growth from $10.2M in 2014 to $144.9M in 2023.
- Consistent reporting of 0% officer compensation, indicating high transparency and mission focus.
- Strong asset growth, providing a solid financial foundation ($5.0M in 2014 to $96.8M in 2023).
- Positive net assets, with assets significantly exceeding liabilities.
Frequently Asked Questions about Friends Of United Hatzalah Inc
Is Friends Of United Hatzalah Inc a legitimate charity?
Friends Of United Hatzalah Inc (EIN: 113533002) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $86.7M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Friends Of United Hatzalah Inc spend its money?
Friends Of United Hatzalah Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of United Hatzalah Inc tax-deductible?
Friends Of United Hatzalah Inc is registered as a tax-exempt nonprofit (EIN: 113533002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of United Hatzalah Inc's spending goes to programs?
Friends Of United Hatzalah Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of United Hatzalah Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of United Hatzalah Inc is above average for NTEE category A70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of United Hatzalah Inc located?
Friends Of United Hatzalah Inc is headquartered in New York, New York and files with the IRS under EIN 113533002. It is classified under NTEE code A70.
How many years of IRS 990 filings does Friends Of United Hatzalah Inc have?
Friends Of United Hatzalah Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $86.7M in total revenue.
Is Friends Of United Hatzalah Inc financially stable?
Yes, the organization demonstrates strong financial stability with assets growing from $5.0 million in 2014 to $96.8 million in 2023, significantly outpacing liabilities. While 2023 showed a slight operational deficit, this is within a context of substantial overall growth.
How has the organization's revenue changed over time?
Friends Of United Hatzalah Inc has experienced explosive revenue growth, increasing from $10.2 million in 2014 to $144.9 million in 2023, indicating strong and increasing donor support.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, meaning no salaries or other compensation are paid to the organization's officers.
What caused the significant increase in liabilities in 2023?
The liabilities increased from $4,170,750 in 2022 to $49,788,138 in 2023. While the specific cause isn't detailed in the provided data, it warrants further investigation into the nature of these liabilities (e.g., program-related payables, grants payable, or debt).
Filing History
IRS 990 filing history for Friends Of United Hatzalah Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of United Hatzalah Inc's revenue has grown by 4037.5%, moving from $3.5M to $144.9M. Total assets increased by 12870.6% over the same period, from $747K to $96.8M. Total functional expenses rose by 4161.9%, from $3.4M to $145.8M. In its most recent filing year (2023), Friends Of United Hatzalah Inc reported a deficit of $881K, with expenses exceeding revenue. The organization holds $49.8M in liabilities against $96.8M in assets (debt-to-asset ratio: 51.4%), resulting in net assets of $47.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $144.9M | $145.8M | $96.8M | $49.8M | — | View 990 |
| 2022 | $48.6M | $36.3M | $51.8M | $4.2M | — | View 990 |
| 2021 | $51.0M | $29.8M | $40.9M | $7.6M | — | View 990 |
| 2020 | $34.8M | $28.5M | $21.4M | $7.4M | — | View 990 |
| 2019 | $23.6M | $21.0M | $9.4M | $395K | — | View 990 |
| 2018 | $21.1M | $21.3M | $8.7M | $30K | — | View 990 |
| 2017 | $16.4M | $21.2M | $4.8M | $95K | — | View 990 |
| 2016 | $17.4M | $17.3M | $9.6M | $67K | — | View 990 |
| 2015 | $12.6M | $8.3M | $9.4M | $63K | — | View 990 |
| 2014 | $10.2M | $5.8M | $5.1M | $9K | — | View 990 |
| 2013 | $5.4M | $5.8M | $673K | $8K | — | View 990 |
| 2012 | $4.9M | $4.6M | $1.1M | $11K | — | View 990 |
| 2011 | $3.5M | $3.4M | $747K | $662 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144.9M, expenses of $145.8M, and assets of $96.8M (revenue +198.2% year-over-year).
- 2022: Revenue of $48.6M, expenses of $36.3M, and assets of $51.8M (revenue -4.8% year-over-year).
- 2021: Revenue of $51.0M, expenses of $29.8M, and assets of $40.9M (revenue +46.7% year-over-year).
- 2020: Revenue of $34.8M, expenses of $28.5M, and assets of $21.4M (revenue +47.2% year-over-year).
- 2019: Revenue of $23.6M, expenses of $21.0M, and assets of $9.4M (revenue +11.9% year-over-year).
- 2018: Revenue of $21.1M, expenses of $21.3M, and assets of $8.7M (revenue +29.1% year-over-year).
- 2017: Revenue of $16.4M, expenses of $21.2M, and assets of $4.8M (revenue -6.1% year-over-year).
- 2016: Revenue of $17.4M, expenses of $17.3M, and assets of $9.6M (revenue +38.5% year-over-year).
- 2015: Revenue of $12.6M, expenses of $8.3M, and assets of $9.4M (revenue +22.8% year-over-year).
- 2014: Revenue of $10.2M, expenses of $5.8M, and assets of $5.1M (revenue +88.7% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.8M, and assets of $673K (revenue +11.4% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.6M, and assets of $1.1M (revenue +39.2% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.4M, and assets of $747K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of United Hatzalah Inc:
Data Sources and Methodology
This transparency report for Friends Of United Hatzalah Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.