Phelps Medical Services PC
701 N Broadway, Sleepy Hollow, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $114,840,768 | $114,840,768 | -$19,520,168 |
| FY2023 | $93,825,848 | $107,055,897 | -$19,523,344 |
| FY2022 | $85,628,153 | $93,877,250 | -$6,300,132 |
| FY2021 | $48,861,957 | $50,082,597 | $1,836,594 |
| FY2020 | $42,631,141 | $46,398,367 | $1,475,200 |
| FY2019 | $42,630,342 | $43,934,548 | -$17,455,784 |
| FY2018 | $20,347,692 | $36,498,405 | -$16,151,578 |
| FY2017 | $18,533,849 | $32,971,228 | -$865 |
| FY2016 | $17,592,625 | $30,491,435 | -$93,345 |
| FY2015 | $23,827,294 | $23,811,293 | $16,001 |
| FY2014 | $10,672,616 | $17,430,903 | $0 |
| FY2013 | $2,467,837 | $4,324,595 | -$3,629,450 |
Form 990 filings
The returns filed by Phelps Medical Services PC (EIN 27-4416017), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $93,736,968 | 82% |
| Other revenue | $21,103,800 | 18% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $101,518,262 | 88% |
| Management & general | $13,322,506 | 12% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 82% of total revenue in FY2024.
- Program services accounted for 88% of functional expenses, management & general 12%, and fundraising 0%.
- 88% of functional expenses went to program services in FY2024. That is higher than 59.5% of 435 Health Care organizations in NY.
- Net assets covered about -2 months of expenses at the end of the reporting year. That puts it in the 10th percentile among 1642 Health Care organizations in NY.
- Total revenue was higher than 91.5% of 1756 Health Care organizations in NY.
- Total revenue rose from $2,467,837 in FY2013 to $114,840,768 in FY2024. Revenue increased in 10 and decreased in 1 of 11 year-over-year comparisons.
- Expenses exceeded revenue in 10 of 12 reported years (FY2013, FY2014, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023).
- Net assets declined from -$3,629,450 to -$19,520,168 between FY2013 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
A TAX EXEMPT CORPORATION ORGANIZED FOR THE SOLE PURPOSE OF SUPPORTING THE CHARITABLE PURPOSES OF PHELPS MEMORIAL HOSPITAL ASSOCIATION,BY ENGAGING IN THE PRACTICE OF MEDICINE.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E30 — Health Care (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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