Island Medical Assistance Society Corp of Ny

Analysis

Island Medical Assistance Society Corp of Ny is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in February 2005, 21 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 September 2023, Island Medical Assistance Society Corp of Ny reported income of $60k and spending of $50k, spending 83% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $37k to $60k (+61%), an average of +61% a year. The sharpest change came in the year to September 2023, when income rose by 61%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Island Medical Assistance Society Corp of Ny sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Foundation for Care Management ($60k), Ball 4 a Cure Inc ($60k) and Living Well Foundation ($60k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.