Academic Physicians Insurancecompany

Analysis

Academic Physicians Insurancecompany is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Academic Physicians Insurancecompany reported income of $15.3m and spending of $20.8m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $15.3m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Academic Physicians Insurancecompany sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include California Institute for Behavioral Health Solutions ($15.3m), Duke Integrated Network Inc ($15.3m) and Sacred Heart Home ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $74.5m against liabilities of $60.7m, net assets of $13.8m.