Nazareth Physician Services Inc

Analysis

Nazareth Physician Services Inc is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in May 2008, 18 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, Nazareth Physician Services Inc reported income of $26.3m and spending of $39.9m, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $26.3m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 151% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nazareth Physician Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Family Care Health Centers ($26.2m), Jeffhome Pa LLC ($26.3m) and North Shore Health System Medical Faculty Group Practice Inc ($26.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $22.7m. At year end it held assets of $6.4m against liabilities of $90.0m, net assets of -$83.6m. It reported 166 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.