Meeting House Lane Medical Practice PC

Analysis

Meeting House Lane Medical Practice PC is a registered charity in United States, based in W Hampton BCH, NY. It received its IRS tax-exemption ruling in October 2012, 14 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, Meeting House Lane Medical Practice PC reported income of $19.5m and spending of $25.6m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $19.5m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Meeting House Lane Medical Practice PC sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Continuecare Hospital of Tyler Incorporated ($19.5m), Vesta Inc ($19.5m) and Sharp Healthcare Foundation ($19.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15.6m. At year end it held assets of $5.3m against liabilities of $13.7m, net assets of -$8.4m. It reported 225 employees.

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.