Long Island Medical Foundation Inc

Analysis

Long Island Medical Foundation Inc is a registered charity in United States, based in East Meadow, NY. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Long Island Medical Foundation Inc reported income of $366k and spending of $239k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $366k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Long Island Medical Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include His Kids ($365k), Boonville Ambulance Inc ($366k) and Mosaic Recovery Center Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $97k (41% of expenses). At year end it held assets of $1.7m against liabilities of $11k, net assets of $1.7m. It reported 1 employees.