Milford Regional Physician Group Inc

Analysis

Milford Regional Physician Group Inc is a registered charity in United States, based in Milford, MA. It received its IRS tax-exemption ruling in July 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Milford Regional Physician Group Inc reported income of $115.6m and spending of $124.5m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $72.9m to $115.6m (+58%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Milford Regional Physician Group Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Indiana University Health Ball Memorial Physicians Inc ($115.6m), Northwest Behavioral Health Partnership Inc ($115.7m) and Holy Cross Hospital ($115.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.6m (1.3% of expenses). Other salaries and wages came to $76.2m. At year end it held assets of $52.8m against liabilities of $49.9m, net assets of $2.9m. It reported 757 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.