Promedica Central Physicians LLC

Analysis

Promedica Central Physicians LLC is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promedica Central Physicians LLC reported income of $410.4m and spending of $492.2m, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $342.1m to $410.4m (+20%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Central Physicians LLC sits at the 98th percentile: it is larger than about 98% 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 St Mary Medical Center ($409.6m), Texas Health Harris Methodist Hospital Southwest Fort Worth ($410.7m) and Sentara Princess Anne Hospital ($409.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $303.9m. At year end it held assets of $77.3m against liabilities of $99.7m, net assets of -$22.4m. It reported 2,772 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.