Centennial Medical Group Inc

Analysis

Centennial Medical Group Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2011, 15 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 June 2023, Centennial Medical Group Inc reported income of $58.6m and spending of $68.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.9m to $58.6m (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centennial Medical Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Community Health Clinic Inc ($58.5m), Blessing Corporate Services Inc ($58.6m) and Clarion Hospital ($58.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $454k (0.7% of expenses). Other salaries and wages came to $41.5m. At year end it held assets of $21.1m against liabilities of $147.3m, net assets of -$126.2m.

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.