Amboy Medical Practice PC

Analysis

Amboy Medical Practice PC is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in August 2014, 12 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amboy Medical Practice PC reported income of $34.2m and spending of $53.7m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.7m to $34.2m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 135% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amboy Medical Practice PC 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 Marshall Browning Hospital Association ($34.1m), Carlos G Otis Health Care Center Inc ($34.2m) and Corporacion de Salud Asegurada Por Nuestra Organizacion Solidaria Inc ($34.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Other salaries and wages came to $27.7m. At year end it held assets of $8.6m against liabilities of $99.1m, net assets of -$90.5m. It reported 243 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.