Jordan Physician Associates Inc

Analysis

Jordan Physician Associates Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in August 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Jordan Physician Associates Inc reported income of $37.0m and spending of $52.1m, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $34.6m to $37.0m (+6.8%), an average of +1.7% a year. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jordan Physician Associates 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 MA. Charities of a similar size with the same main cause include Watts Healthcare Corporation ($36.9m), St Patricks Manor Inc ($37.0m) and Donalsonville Hospital Inc ($36.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34.8m. At year end it held assets of $16.5m against liabilities of $21.6m, net assets of -$5.1m.

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.