Cayuga Medical Associates PC

Analysis

Cayuga Medical Associates PC is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in February 2008, 18 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, Cayuga Medical Associates PC reported income of $117.9m and spending of $119.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60.1m to $117.9m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cayuga Medical Associates PC 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 Northwest Medical Foundation of Tillamook ($117.9m), Sentara Enterprises ($118.0m) and St Vincents Health System Inc ($117.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $483k (0.4% of expenses). Other salaries and wages came to $65.0m. At year end it held assets of $41.6m against liabilities of $38.6m, net assets of $3.0m. It reported 721 employees.