Jones Medical Services PC

Analysis

Jones Medical Services PC is a registered charity in United States, based in Wellsville, NY. It received its IRS tax-exemption ruling in September 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 June 2023, Jones Medical Services PC reported income of $3.2m and spending of $3.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $401k to $3.2m (+705%), an average of +68% a year. The sharpest change came in the year to June 2023, when income rose by 227%. Over the whole period it spent 135% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jones Medical Services PC sits at the 76th percentile: it is larger than about 76% 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 Ability Now Bay Area Inc ($3.2m), Life International Inc ($3.2m) and Heartland Care Center Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $427k against liabilities of $1.8m, net assets of -$1.4m.

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.