Circle Health Physicians Inc

Analysis

Circle Health Physicians Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in May 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 September 2023, Circle Health Physicians Inc reported income of $71.9m and spending of $87.6m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $49.4m to $71.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2020, when income rose by 27%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Circle Health Physicians Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Lowell Community Health Center Inc ($71.9m), The Jewish Home for the Elderly of Fairfield County Inc ($71.9m) and Windsor Hospital Corporation ($71.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $50.8m. At year end it held assets of $25.0m against liabilities of $52.3m, net assets of -$27.3m.

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.