Lifespan Physician Group Inc

Analysis

Lifespan Physician Group Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Lifespan Physician Group Inc reported income of $260.0m and spending of $315.2m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $228.6m to $260.0m (+14%), an average of +3.3% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifespan Physician Group Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within RI. Charities of a similar size with the same main cause include Conway Regional Medical Center Inc ($259.9m), Wyoming Medical Center Inc ($260.0m) and Evangelical Community Hospital ($259.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $10.0m (3.2% of expenses). Other salaries and wages came to $214.6m. At year end it held assets of $58.1m against liabilities of $59.6m, net assets of -$1.5m. It reported 1,656 employees.