Bid-Milton Physician Associates Inc

Analysis

Bid-Milton Physician Associates Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in August 2020, 6 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, Bid-Milton Physician Associates Inc reported income of $2.8m and spending of $3.6m, spending 130% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $671k to $2.8m (+316%), an average of +104% a year. The sharpest change came in the year to September 2022, when income rose by 285%. Over the whole period it spent 144% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bid-Milton Physician Associates Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Compassionate Care of Shelby County Inc ($2.8m), Health Care Education and Training Inc ($2.8m) and Brighton Volunteer Ambulance Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $704k against liabilities of $4.6m, net assets of -$3.9m.

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.