Peconic Cardiology PC

Analysis

Peconic Cardiology PC is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in November 2017, 9 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, Peconic Cardiology PC reported income of $24.2m and spending of $24.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.4m to $24.2m (+95%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 38%. 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, Peconic Cardiology 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Great Plains of Smith Co Inc ($24.2m), Butte Silver Bow Primary Health Care Clinic Inc ($24.2m) and West Florida Health Home Care Inc ($24.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 71% of the total. Other salaries and wages came to $16.0m. At year end it held assets of $5.2m against liabilities of $4.9m, net assets of $277k. It reported 111 employees.