Western Mass Physician Associates Inc

Analysis

Western Mass Physician Associates Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in October 1996, 30 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 September 2023, Western Mass Physician Associates Inc reported income of $8.5m and spending of $9.6m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.9m to $8.5m (-14%), an average of -3.7% a year. The sharpest change came in the year to September 2021, when income dropped by 21%. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Western Mass Physician Associates Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Cila Corporation ($8.5m), Community Health Services Corporation ($8.5m) and Lifeshare Tissue Services Inc ($8.5m).

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 $379k (3.9% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $4.1m against liabilities of $9.1m, net assets of -$4.9m. It reported 112 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.