Memorial Medical Care PC

Analysis

Memorial Medical Care PC is a registered charity in United States, based in New York, 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 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, Memorial Medical Care PC reported income of $240k and spending of $2.7m, spending 1145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $240k (+467%), an average of +466% a year. The sharpest change came in the year to December 2023, when income rose by 467%. Over the whole period it spent 1179% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Medical Care PC sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Dumont Volunteer Ambulance Service Inc ($240k), Fleming County Hospital Foundation Inc ($240k) and Rheumatoid Arthritis Foundation Help Fight Ra Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22.3m against liabilities of $25.8m, net assets of -$3.5m.