Southern Tier Medical Care - Ny PC

Analysis

Southern Tier Medical Care - Ny PC is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in May 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southern Tier Medical Care - Ny PC reported income of $2.0m and spending of $4.8m, spending 235% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 214% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southern Tier Medical Care - Ny PC sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Village-Virgin Islands Partners in Recovery Inc ($2.0m), Boonsboro Ambulance and Rescue Service Incorporated ($2.0m) and West Central Alabama Ahec ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 101% of the total. At year end it held assets of $5.1m against liabilities of $14.7m, net assets of -$9.6m.

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.