Trihealth Physician Enterprises Corp

Analysis

Trihealth Physician Enterprises Corp is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1993, 33 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, Trihealth Physician Enterprises Corp reported income of $257.5m and spending of $329.0m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $393.5m to $257.5m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trihealth Physician Enterprises Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Ephraim McDowell Regional Medical C Enter ($257.2m), Community Memorial Hospital of Menomonee Falls Inc ($257.7m) and Albany General Hospital ($257.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $187.7m. At year end it held assets of $89.7m against liabilities of $66.4m, net assets of $23.2m. It reported 2,391 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.