Metroplus Health Plan Inc

Analysis

Metroplus Health Plan Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 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, Metroplus Health Plan Inc reported income of $5.22bn and spending of $4.99bn, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.22bn to $5.22bn (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Metroplus Health Plan Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Sutter Bay Hospitals ($5.16bn), Sentara Health Plans ($5.25bn) and Kaiser Foundation Health Plan of the Northwest ($5.12bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.4m (0.1% of expenses). Other salaries and wages came to $133.6m. At year end it held assets of $2.49bn against liabilities of $1.58bn, net assets of $911.7m.