Valley Physician Servcies Inc

Analysis

Valley Physician Servcies Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in March 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 December 2023, Valley Physician Servcies Inc reported income of $147.2m and spending of $133.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105.5m to $147.2m (+40%), an average of +8.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Physician Servcies Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Ivinson Memorial Hospital ($147.2m), Baptist Memorial Hospital Union County Inc ($147.2m) and Piedmont Mountainside Hospital Inc ($146.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $251k (0.2% of expenses). Other salaries and wages came to $50.6m. At year end it held assets of $147.4m against liabilities of $107.5m, net assets of $40.0m. It reported 980 employees.