College of Physicians of Philadelphia

Analysis

College of Physicians of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1942, 84 years ago. 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 June 2023, College of Physicians of Philadelphia reported income of $10.0m and spending of $8.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $10.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, College of Physicians of Philadelphia sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include The Gunston School Incorporated ($10.0m), Child Care Council Inc ($10.0m) and Marias Healthcare Services Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $683k (7.7% of expenses). Other salaries and wages came to $3.4m. It paid $237k in professional fundraising fees. At year end it held assets of $52.9m against liabilities of $6.2m, net assets of $46.7m. It reported 88 employees.