Downtown Bronx Medical Associates PC

Analysis

Downtown Bronx Medical Associates PC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown Bronx Medical Associates PC reported income of $36.1m and spending of $35.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.9m to $36.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Downtown Bronx Medical Associates PC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include The Longwood Collective Inc ($36.0m), Valley Homes and Services ($36.1m) and Jefferson Community Health Center Inc ($36.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $14.9m against liabilities of $2.8m, net assets of $12.1m.