St Lukes Physician Network Inc

Analysis

St Lukes Physician Network Inc is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in October 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, St Lukes Physician Network Inc reported income of $5.7m and spending of $8.3m, spending 146% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.0m to $5.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 153% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Lukes Physician Network Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Richmond Institute for Veterans Research ($5.7m), Share Equity ($5.7m) and Carter County Emergency & Rescue Squad Inc ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $1.6m against liabilities of $27.8m, net assets of -$26.2m.

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.