BMC Affiliated Physicians Inc

Analysis

BMC Affiliated Physicians Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. 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, BMC Affiliated Physicians Inc reported income of $1.0m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.7m to $1.0m (-77%), an average of -31% a year. The sharpest change came in the year to September 2021, when income dropped by 53%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, BMC Affiliated Physicians Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Palos Park Senior Housing NFP ($1.0m), De Benneville Pines Incorporated ($1.0m) and United Church of Christ ($1.0m).

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 $293k (25% of expenses). Other salaries and wages came to $672k. At year end it held assets of $805k against liabilities of $1.0m, net assets of -$202k. It reported 5 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.