HR Physician Services

Analysis

HR Physician Services is a registered charity in United States, based in Meadowbrook, PA. It received its IRS tax-exemption ruling in October 1992, 34 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, HR Physician Services reported income of $60.0m and spending of $71.9m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.1m to $60.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HR Physician Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Community Hospital Association ($60.0m), Waupun Memorial Hospital ($60.0m) and CHMC Surgical Foundation Inc ($59.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $874k (1.2% of expenses). Other salaries and wages came to $41.6m. At year end it held assets of $50.3m against liabilities of $157.0m, net assets of -$106.7m. It reported 311 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.