Carondelet Regional Medical PC

Analysis

Carondelet Regional Medical PC is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carondelet Regional Medical PC reported income of $2.3m and spending of $3.6m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 183% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carondelet Regional Medical PC sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include National Association of Nurse Practitioners in Womens Health Inc ($2.3m), Council Towers Housing Development Fund Corporation ($2.3m) and Intermountain Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $860k (24% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $402k against liabilities of $8.8m, net assets of -$8.4m. It reported 49 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.