Medical Services of Kips Bay PC

Analysis

Medical Services of Kips Bay PC is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in August 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 Kips Bay PC reported income of $10.6m and spending of $11.8m, spending 111% of what it took in. The sharpest change came in the year to December 2023, when income rose by 1592%. Over the whole period it spent 110% 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 Kips Bay 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 93rd percentile within NY. Charities of a similar size with the same main cause include Family Planning Association of Maine Inc ($10.6m), Armenian Nursing and Rehabilitation Center Inc ($10.6m) and Guardian Care Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $7.4m. At year end it held assets of $20.8m against liabilities of $21.9m, net assets of -$1.1m. It reported 67 employees.