SVCMC Inc

Analysis

SVCMC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, SVCMC Inc reported income of $123.7m and spending of $106.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $108.4m to $123.7m (+14%), an average of +3.4% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, SVCMC Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Bay Park Community Hospital ($123.6m), Fund for Public Health in New York Inc ($123.9m) and Mountain Comprehensive Care Center Inc ($123.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (1.4% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $85.3m against liabilities of $30.8m, net assets of $54.5m. It reported 135 employees.