Nuvance Health Medical Practice PC

Analysis

Nuvance Health Medical Practice PC is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nuvance Health Medical Practice PC reported income of $225.7m and spending of $233.7m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $122.6m to $225.7m (+84%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 55%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nuvance Health Medical Practice 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 99th percentile within NY. Charities of a similar size with the same main cause include St Lukes Hospital-Monroe Campus ($225.2m), Loma Linda University Health Care ($226.2m) and Breakthrough T1d ($223.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.8m (1.2% of expenses). Other salaries and wages came to $146.6m. At year end it held assets of $90.8m against liabilities of $83.9m, net assets of $6.9m. It reported 1,087 employees.