Harlem Medical Associates PC

Analysis

Harlem Medical Associates PC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 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 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 June 2023, Harlem Medical Associates PC reported income of $19.0m and spending of $17.9m, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $14.2m to $19.0m (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 65%. 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, Harlem Medical Associates 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 The Community at Rockhill ($19.0m), GSLPG Inc ($19.0m) and Boundary Regional Community Health Center Inc ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $18.3m against liabilities of $10.3m, net assets of $8.0m.