Medisys Health Network Inc

Analysis

Medisys Health Network Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medisys Health Network Inc reported income of $7.1m and spending of $6.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $7.1m (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medisys Health Network Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Uchicago Medicine Network Inc ($7.0m), Fresno American Indian Health Project ($7.1m) and Infant Toddler Service of Johnson Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $2.5m (37% of expenses). At year end it held assets of $178.1m against liabilities of $147.5m, net assets of $30.6m. It reported 2 employees.