MVP Medical Practice PC

Analysis

MVP Medical Practice PC is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, MVP Medical Practice PC reported income of $3.0m and spending of $1.9m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.0m (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MVP Medical Practice PC sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include The Maryland Center at Bowie State University Inc ($2.9m), Hampstead Volunteer Fire Engine and Hose Company-1 ($3.0m) and Colorado Perinatal Care Quality Collaborative ($2.9m).

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 $1.0m (53% of expenses). Other salaries and wages came to $410k. At year end it held assets of $3.7m against liabilities of $2.4m, net assets of $1.3m. It reported 8 employees.