Reid Physician Associates Inc

Analysis

Reid Physician Associates Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in January 2010, 16 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, Reid Physician Associates Inc reported income of $103.2m and spending of $161.5m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75.3m to $103.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 159% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reid Physician Associates Inc 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 IN. Charities of a similar size with the same main cause include Aurora Medical Center Bay Area Inc ($103.0m), Msu Health Care Inc ($103.2m) and Sidney Health Center ($103.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.3m (2.0% of expenses). Other salaries and wages came to $123.0m. At year end it held assets of $14.9m against liabilities of $673.7m, net assets of -$658.9m. It reported 1,060 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.