Lawrence Medical Associates PC

Analysis

Lawrence Medical Associates PC is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in August 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, Lawrence Medical Associates PC reported income of $96.9m and spending of $96.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.8m to $96.9m (+4.5%), an average of +1.1% a year. 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, Lawrence Medical Associates PC sits at the 95th percentile: it is larger than about 95% 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 Memorial Hermann Hospital Based Physician Group ($96.9m), Methodist Hospital ($97.2m) and Cares Community Health ($96.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $434k (0.4% of expenses). Other salaries and wages came to $37.0m. At year end it held assets of $70.9m against liabilities of $86.9m, net assets of -$16.0m. It reported 327 employees.