Health Insurance Plan of Greater New York
New York, NY 10041 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $4,710,482,271 | $4,743,722,251 | $391,474,072 |
| FY2023 | $5,316,717,976 | $5,409,091,505 | $442,560,308 |
| FY2022 | $5,756,466,800 | $5,755,127,247 | $533,814,776 |
| FY2021 | $5,607,634,442 | $5,702,573,922 | $566,552,415 |
| FY2020 | $5,381,630,436 | $5,437,579,779 | $589,556,177 |
| FY2019 | $5,066,236,411 | $5,110,117,332 | $613,551,051 |
| FY2018 | $5,052,381,972 | $5,119,381,878 | $603,174,384 |
| FY2017 | $4,810,766,776 | $4,982,894,564 | $648,109,786 |
| FY2016 | $4,931,402,574 | $5,180,469,745 | $807,642,896 |
| FY2015 | $5,161,648,176 | $5,244,142,393 | $1,059,491,950 |
| FY2014 | $5,187,437,630 | $5,531,080,924 | $1,220,446,772 |
| FY2013 | $5,036,320,460 | $4,884,558,067 | $1,522,427,240 |
| FY2012 | $5,080,310,995 | $4,905,852,884 | $1,424,869,667 |
| FY2011 | $4,793,285,552 | $4,586,518,851 | $1,271,463,445 |
Form 990 filings
The returns filed by Health Insurance Plan of Greater New York (EIN 13-1828429), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $913,464 | <1% |
| Program service revenue | $4,702,286,092 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $4,255,454,866 | 90% |
| Management & general | $488,267,385 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 68% of 435 Health Care organizations in NY.
- Net assets covered about 1 month of expenses at the end of the reporting year. That puts it in the 23rd percentile among 1642 Health Care organizations in NY.
- Total revenue was higher than 99.7% of 1756 Health Care organizations in NY.
- Total revenue fell from $4,793,285,552 in FY2011 to $4,710,482,271 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 10 of 14 reported years (FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2023, FY2024).
- The highest revenue on record here is $5,756,466,800 in FY2022.
- Net assets declined from $1,271,463,445 to $391,474,072 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as an organization described in section 170(c) other than a public charity or private foundation.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 2004 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | E320 — Health Care (in NY) |
| Donations | Listed in the IRS Publication 78 data as an organization described in section 170(c) other than a public charity or private foundation. |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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