McLeod Physician Associates II

Analysis

McLeod Physician Associates II is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in April 2006, 20 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, McLeod Physician Associates II reported income of $241.8m and spending of $323.5m, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $131.7m to $241.8m (+84%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Physician Associates II 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 SC. Charities of a similar size with the same main cause include Baptist Memorial Medical Group Inc ($241.6m), Healtheast Woodwinds Hospital ($241.9m) and Renown Health ($240.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $669k (0.2% of expenses). Other salaries and wages came to $209.8m. At year end it held assets of $78.7m against liabilities of $269.4m, net assets of -$190.7m. It reported 2,157 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.