Moses Cone Affiliated Physicians Inc

Analysis

Moses Cone Affiliated Physicians Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2010, 16 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 September 2023, Moses Cone Affiliated Physicians Inc reported income of $122.2m and spending of $145.7m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $108.1m to $122.2m (+13%), an average of +3.1% a year. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Moses Cone Affiliated Physicians Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Arh Mary Breckinridge Health Services Inc ($122.1m), Grand Itasca Clinic and Hospital ($122.2m) and Roper St Francis Mount Pleasant Hospital ($121.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $81.1m. At year end it held assets of $41.0m against liabilities of $201.2m, net assets of -$160.2m. It reported 823 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.