Physicians Careconnection

Analysis

Physicians Careconnection is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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 December 2023, Physicians Careconnection reported income of $2.9m and spending of $3.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Physicians Careconnection sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Pee Dee Academy ($2.9m), Puerto Rican High School ($2.9m) and Cottage Childrens Center Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $251k (7.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $1.4m, net assets of $202k. It reported 43 employees.