University of Louisville Physicians Inc

Analysis

University of Louisville Physicians Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2013, 13 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, University of Louisville Physicians Inc reported income of $354.0m and spending of $442.2m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $223.2m to $354.0m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Louisville Physicians Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include United States Pharmacopeial Convention Inc ($353.7m), Rogers Memorial Hospital Incorporated ($354.4m) and Northeast Georgia Health System Inc ($353.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $6.8m (1.5% of expenses). Other salaries and wages came to $294.4m. At year end it held assets of $158.8m against liabilities of $68.9m, net assets of $89.9m. It reported 3,010 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.