Coney Island Medical Practice Plan PC

Analysis

Coney Island Medical Practice Plan PC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 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 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, Coney Island Medical Practice Plan PC reported income of $25.9m and spending of $22.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.8m to $25.9m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coney Island Medical Practice Plan PC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Magnolia Regional Health System Inc ($25.9m), Wellstone Inc ($25.9m) and Upper Great Lakes Family Health Center ($25.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. At year end it held assets of $18.1m against liabilities of $7.2m, net assets of $10.9m.