Health Center Network Of New York Inc
Health Center Network Of New York Inc consistently operates with surpluses and no reported officer compensation.
EIN: 141980688 · Albany, NY · NTEE: E80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $4.6M |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 90/100 |
Is Health Center Network Of New York Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Health Center Network Of New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health Center Network Of New York Inc
Health Center Network Of New York Inc (EIN: 141980688) is a nonprofit organization based in Albany, NY, classified under NTEE code E80. The organization reported total revenue of $3.7M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Center Network Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Center Network Of New York Inc is a mid-size nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$22K |
| Total Assets | $2.3M |
| Total Liabilities | $259K |
| Net Assets | $2.1M |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2023, Health Center Network Of New York Inc reported a surplus of $22K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Health Center Network Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -14.6% | -2.7% |
| 2022 | +4.3% | +12.1% | -8.9% |
| 2021 | +39.0% | +31.7% | +27.5% |
| 2020 | +60.3% | +57.7% | +23.9% |
| 2019 | -1.4% | -1.3% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Health Center Network Of New York Inc with a Mission Score of 90 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Health Center Network Of New York Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual and suggests a strong dedication of resources to the 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.
Strengths
The following positive indicators were identified for Health Center Network Of New York Inc:
- Consistent financial surpluses, such as $21,537 in 2023 ($4,601,979 revenue - $4,580,442 expenses).
- No reported officer compensation across all 11 filings, indicating high efficiency and mission focus.
- Strong asset growth from $1,245,330 in 2014 to $2,313,087 in 2023.
- Healthy asset-to-liability ratio, demonstrating financial stability.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Health Center Network Of New York Inc
Is Health Center Network Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Health Center Network Of New York Inc (EIN: 141980688) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Health Center Network Of New York Inc spend its money?
Health Center Network Of New York Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Health Center Network Of New York Inc tax-deductible?
Health Center Network Of New York Inc is registered as a tax-exempt nonprofit (EIN: 141980688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Health Center Network Of New York Inc's spending goes to programs?
Health Center Network Of New York Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Health Center Network Of New York Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Health Center Network Of New York Inc is above average for NTEE category E80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Health Center Network Of New York Inc located?
Health Center Network Of New York Inc is headquartered in Albany, New York and files with the IRS under EIN 141980688. It is classified under NTEE code E80.
How many years of IRS 990 filings does Health Center Network Of New York Inc have?
Health Center Network Of New York Inc has 11 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 $3.7M in total revenue.
Is Health Center Network Of New York Inc a good charity?
Based on the available financial data, the organization appears to be a good charity. It consistently operates with surpluses, maintains healthy assets, and notably reports no officer compensation, suggesting a strong commitment to its mission.
How has the organization's revenue trended over the past decade?
Revenue has shown significant growth, increasing from $1,680,081 in 2014 to $4,601,979 in 2023, with a peak of $5,430,887 in 2022, indicating expanding operations and funding.
What is the organization's asset-to-liability ratio?
In 2023, the asset-to-liability ratio was approximately 8.9:1 ($2,313,087 assets / $259,486 liabilities), indicating a very strong financial position with ample assets to cover liabilities.
Filing History
IRS 990 filing history for Health Center Network Of New York Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Health Center Network Of New York Inc's revenue has grown by 624%, moving from $636K to $4.6M. Total assets increased by 130.8% over the same period, from $1.0M to $2.3M. Total functional expenses rose by 614%, from $642K to $4.6M. In its most recent filing year (2023), Health Center Network Of New York Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $259K in liabilities against $2.3M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.6M | $2.3M | $259K | — | — |
| 2022 | $5.4M | $5.4M | $2.4M | $345K | — | View 990 |
| 2021 | $5.2M | $4.8M | $2.6M | $646K | — | View 990 |
| 2020 | $3.7M | $3.6M | $2.0M | $506K | — | View 990 |
| 2019 | $2.3M | $2.3M | $1.7M | $226K | — | View 990 |
| 2018 | $2.4M | $2.3M | $1.6M | $197K | — | View 990 |
| 2017 | $2.5M | $2.2M | $1.8M | $423K | — | View 990 |
| 2016 | $2.0M | $1.8M | $1.3M | $171K | — | View 990 |
| 2015 | $1.6M | $1.7M | $1.1M | $185K | — | View 990 |
| 2014 | $1.7M | $1.5M | $1.2M | $156K | — | View 990 |
| 2013 | $636K | $642K | $1.0M | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.6M, and assets of $2.3M (revenue -15.3% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.4M, and assets of $2.4M (revenue +4.3% year-over-year).
- 2021: Revenue of $5.2M, expenses of $4.8M, and assets of $2.6M (revenue +39.0% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.6M, and assets of $2.0M (revenue +60.3% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $1.7M (revenue -1.4% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.3M, and assets of $1.6M (revenue -4.3% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.2M, and assets of $1.8M (revenue +25.4% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.8M, and assets of $1.3M (revenue +22.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $1.1M (revenue -4.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $1.2M (revenue +164.3% year-over-year).
- 2013: Revenue of $636K, expenses of $642K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Center Network Of New York Inc:
Data Sources and Methodology
This transparency report for Health Center Network Of New York 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.