Physician Enterprise LLC

Analysis

Physician Enterprise LLC is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 2012, 14 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 June 2023, Physician Enterprise LLC reported income of $226.4m and spending of $266.8m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $173.2m to $226.4m (+31%), an average of +6.9% a year. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Physician Enterprise LLC sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MD. Charities of a similar size with the same main cause include Weirton Medical Center Inc ($226.4m), Florida Essential Healthcare Partnerships Foundation Inc ($227.4m) and Mercy Catholic Medical Center of Southeastern Pa ($226.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (0.5% of expenses). Other salaries and wages came to $162.7m. At year end it held assets of $46.7m against liabilities of $102.9m, net assets of -$56.2m. It reported 690 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.