Pediatric Medical Services of Florida Inc

Analysis

Pediatric Medical Services of Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 2012, 14 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, Pediatric Medical Services of Florida Inc reported income of $32.7m and spending of $39.5m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.2m to $32.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pediatric Medical Services of Florida Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Santa Ynez Valley Cottage Hospital Inc ($32.7m), Spaulding Academy & Family Services ($32.7m) and Gracemed Health Clinic Inc ($32.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $429k (1.1% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $7.2m against liabilities of $68.5m, net assets of -$61.3m. It reported 266 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.