Pediatric Specialists of Virginia LLC

Analysis

Pediatric Specialists of Virginia LLC is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in January 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 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 Specialists of Virginia LLC reported income of $35.7m and spending of $51.7m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $36.0m to $35.7m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 157% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pediatric Specialists of Virginia LLC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Community Reach Center Inc ($35.7m), Home for the Friendless ($35.7m) and Heart of Florida Health Center Inc ($35.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3.1m (6.0% of expenses). Other salaries and wages came to $27.5m. At year end it held assets of $43.0m against liabilities of $35.0m, net assets of $8.0m. It reported 442 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.