St Joseph Physician Associates

Analysis

St Joseph Physician Associates is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, St Joseph Physician Associates reported income of $48.6m and spending of $54.5m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.6m to $48.6m (+33%), an average of +7.4% 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, St Joseph Physician Associates sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Wheaton Franciscan Healthcare-Iowa Inc ($48.5m), Central Minnesota Diagnostic Inc ($48.6m) and El Campo Memorial Hospital ($48.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.7m (12% of expenses). Other salaries and wages came to $36.9m. At year end it held assets of $1.6m against liabilities of $12.4m, net assets of -$10.8m. It reported 133 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.