Medical Services of Setauket PC

Analysis

Medical Services of Setauket PC is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in September 2022, 4 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, Medical Services of Setauket PC reported income of $12.3m and spending of $12.3m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $9.6m to $12.3m (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Services of Setauket PC sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Logan Health - Shelby ($12.2m), Chester County Hospital Foundation ($12.3m) and Blood Bank of Alaska Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $7.7m. At year end it held assets of $1.3m against liabilities of $1.7m, net assets of -$437k. It reported 54 employees.