Primary Care Development Corporation

Analysis

Primary Care Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1993, 33 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 June 2023, Primary Care Development Corporation reported income of $14.2m and spending of $15.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $14.2m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Primary Care Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Els for Autism Foundation ($14.2m), Health Center of Southeast Texas ($14.2m) and Vose River Charitable Fund ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.7m (11% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $143.0m against liabilities of $82.5m, net assets of $60.4m. It reported 69 employees.