Augusta Medical Group

Analysis

Augusta Medical Group is a registered charity in United States, based in Fishersville, VA. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, Augusta Medical Group reported income of $84.7m and spending of $118.0m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.6m to $84.7m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Augusta Medical Group 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 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Moses Cone Physician Services Inc ($84.6m), Elica Health Centers ($84.7m) and Ann & Robert H Lurie Childrens Hospital of Chicago Foundation ($84.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.0m (1.7% of expenses). Other salaries and wages came to $88.3m. At year end it held assets of $8.1m against liabilities of $275.5m, net assets of -$267.4m. It reported 279 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.