Garnet Health Doctors PC

Analysis

Garnet Health Doctors PC is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in July 2015, 11 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garnet Health Doctors PC reported income of $69.6m and spending of $81.9m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $64.0m to $69.6m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Garnet Health Doctors PC sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include McLeod Health Cheraw ($69.6m), Wayne Hospital Company ($69.6m) and Perry County Health System ($69.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $805k (1.0% of expenses). Other salaries and wages came to $51.4m. At year end it held assets of $35.1m against liabilities of $51.7m, net assets of -$16.6m. It reported 419 employees.