Hudson Valley Cardiovascular Practice PC

Analysis

Hudson Valley Cardiovascular Practice PC is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in October 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 September 2022, Hudson Valley Cardiovascular Practice PC reported income of $55.1m and spending of $53.2m, spending 97% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $23.5m to $55.1m (+134%), an average of +33% a year. The sharpest change came in the year to September 2020, when income rose by 86%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hudson Valley Cardiovascular Practice PC sits at the 93rd percentile: it is larger than about 93% 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 Hallmark Health Medical Associates Inc ($55.1m), TMC Medical Network ($55.1m) and Lafayette Health Ventures Inc ($55.0m).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 98% of the total. Other salaries and wages came to $39.6m. At year end it held assets of $37.5m against liabilities of $42.0m, net assets of -$4.6m. It reported 223 employees.