MSMC Residential Realty LLC

Analysis

MSMC Residential Realty LLC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2005, 21 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, MSMC Residential Realty LLC reported income of $30.5m and spending of $33.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.3m to $30.5m (+4.0%), an average of +1.0% a year. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MSMC Residential Realty LLC sits at the 91st percentile: it is larger than about 91% 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 University of Maryland Emergency Medicine Associates P a ($30.5m), Palo Alto Veterans Institute for Research ($30.5m) and Asian Americans for Community Involvement of Santa Clara Co Inc ($30.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $99.7m against liabilities of $149.3m, net assets of -$49.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.