Nymc - School of Medicine Faculty Practice Corporation

Analysis

Nymc - School of Medicine Faculty Practice Corporation is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nymc - School of Medicine Faculty Practice Corporation reported income of $74k and spending of $377k, spending 511% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $222k to $74k (-67%), an average of -42% a year. The sharpest change came in the year to June 2022, when income dropped by 53%. Over the whole period it spent 202% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nymc - School of Medicine Faculty Practice Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include TCWC ($74k), North Kitsap Schools Foundation ($74k) and New Life Say Yes Center Inc ($74k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $253k (67% of expenses). At year end it held assets of $128k against liabilities of $587k, net assets of -$459k.