West Coast Neonatology Inc

Analysis

West Coast Neonatology Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. 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 June 2023, West Coast Neonatology Inc reported income of $37.7m and spending of $37.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.4m to $37.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Coast Neonatology Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Greater New Bedford Community Health Center Inc ($37.7m), Upstate New York Transplant Services Inc ($37.8m) and Hackley Community Care Center Inc ($37.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $27.1m. At year end it held assets of $21.7m against liabilities of $4.8m, net assets of $16.9m. It reported 185 employees.