VPS Medical Services PC

Analysis

VPS Medical Services PC is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, VPS Medical Services PC reported income of $10.0m and spending of $11.3m, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $8.3m to $10.0m (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, VPS Medical Services PC sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include CHC Community Care LLC ($10.0m), New Horizon Care Centers Inc ($10.0m) and Immergrun Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $4.8m against liabilities of $7.8m, net assets of -$3.1m. It reported 43 employees.