Physicians of University Hospital PC

Analysis

Physicians of University Hospital PC is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Physicians of University Hospital PC reported income of $356.3m and spending of $356.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $273.9m to $356.3m (+30%), an average of +6.8% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Physicians of University Hospital PC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Winchester Hospital ($356.2m), Marshfield Clinic Health System Inc ($356.6m) and Hunterdon Medical Center ($355.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 88% of the total. Other salaries and wages came to $227.7m. At year end it held assets of $60.7m against liabilities of $94.2m, net assets of -$33.5m. It reported 1,092 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.