Medical Associates of Englewood PC

Analysis

Medical Associates of Englewood PC is a registered charity in United States, based in Englewood, NJ. It received its IRS tax-exemption ruling in April 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medical Associates of Englewood PC reported income of $353.3m and spending of $353.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $202.3m to $353.3m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Associates of Englewood PC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include McLeod Loris Seacoast Hospital ($353.2m), Wayne Memorial Hospital Inc ($353.3m) and The University of Vermont Health Network Medical Group Inc ($352.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.0m (0.6% of expenses). Other salaries and wages came to $109.9m. At year end it held assets of $40.0m against liabilities of $40.0m, net assets of $0. It reported 289 employees.