Meadville Physician Services

Analysis

Meadville Physician Services is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Meadville Physician Services reported income of $4.5m and spending of $8.7m, spending 194% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $4.5m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 166% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meadville Physician Services sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Living Redemption Community Development Corporation ($4.5m), United States Justice Foundation ($4.5m) and National Association of the Deaf ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $783k (9.0% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $639k against liabilities of $12.1m, net assets of -$11.4m. It reported 54 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.