Elliot Physicians Network Inc

Analysis

Elliot Physicians Network Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elliot Physicians Network Inc reported income of $38.0m and spending of $48.0m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.4m to $38.0m (+11%), an average of +2.6% a year. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elliot Physicians Network Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include Behavioral Health Services North Inc ($38.0m), Desoto Hospital Association ($38.1m) and Gouverneur Hospital ($38.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $334k (0.7% of expenses). Other salaries and wages came to $31.7m. At year end it held assets of $3.2m against liabilities of $8.2m, net assets of -$5.1m. It reported 109 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.