Promedica Physician Group Inc

Analysis

Promedica Physician Group Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 2000, 26 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 December 2023, Promedica Physician Group Inc reported income of $9.8m and spending of $17.2m, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $415.9m to $9.8m (-98%), an average of -61% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Physician Group Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include International Society of Magnetic Resonance in Medicine ($9.8m), SCH Professional Corporation ($9.8m) and VVMC Diversified Services ($9.8m).

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 $12.3m. At year end it held assets of $18.6m against liabilities of $1.6m, net assets of $17.0m. It reported 307 employees.