Valley Physician Services PC

Analysis

Valley Physician Services PC is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in March 2018, 8 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, Valley Physician Services PC reported income of $208.2m and spending of $208.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $162.4m to $208.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Physician Services PC sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Mercy Health Springfield Communities ($207.8m), St Joseph Hospital ($208.4m) and Tarrant Safety Net Support Corporation ($207.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.4m (0.7% of expenses). Other salaries and wages came to $128.4m. At year end it held assets of $24.4m against liabilities of $39.8m, net assets of -$15.3m. It reported 509 employees.