True North Medical Group PC

Analysis

True North Medical Group PC is a registered charity in United States, based in Westbury, 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, True North Medical Group PC reported income of $196.2m and spending of $252.0m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $110.1m to $196.2m (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, True North Medical Group PC sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Ascension Wisconsin Inc ($196.2m), Charlotte Hungerford Hospital ($196.3m) and Harbor Hospital Inc ($196.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 86% of the total. Other salaries and wages came to $149.8m. At year end it held assets of $213.4m against liabilities of $173.6m, net assets of $39.8m. It reported 1,588 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.