Marcus Avenue Medical PC

Analysis

Marcus Avenue Medical PC is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in September 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marcus Avenue Medical PC reported income of $33.0m and spending of $33.1m, spending 100% of its income. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marcus Avenue Medical PC sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Jewish Healthcare Foundation of Pittsburgh ($33.0m), Jefferson Community Health Care Centers Inc ($33.1m) and Southeast Mississippi Rural Health Initiative Inc ($33.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $2.2m (6.8% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $36.2m against liabilities of $56.8m, net assets of -$20.6m. It reported 188 employees.