Saint Peters Healthcare System Physician Associates

Analysis

Saint Peters Healthcare System Physician Associates is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in August 2018, 8 years ago. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint Peters Healthcare System Physician Associates reported income of $10.1m and spending of $17.2m, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $10.1m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 182% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Peters Healthcare System Physician Associates sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Council of the Great City Schools ($10.1m), Presbyterian Village Inc ($10.1m) and Umpqua Homes Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.0m. At year end it held assets of $6.0m against liabilities of $101.5m, net assets of -$95.6m. It reported 109 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.