Princeton Healthcare Affiliated Physicians PC

Analysis

Princeton Healthcare Affiliated Physicians PC is a registered charity in United States, based in Plainsboro, NJ. It received its IRS tax-exemption ruling in May 2014, 12 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, Princeton Healthcare Affiliated Physicians PC reported income of $48.7m and spending of $65.3m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $54.0m to $48.7m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Princeton Healthcare Affiliated Physicians PC 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 99th percentile within NJ. Charities of a similar size with the same main cause include Brightfocus Foundation ($48.7m), Unity Care Northwest ($48.7m) and Dimock Community Foundation Inc Group Return ($48.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34.5m. At year end it held assets of $3.5m against liabilities of $43.0m, net assets of -$39.5m. It reported 415 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.