Hancock Physician Network LLC

Analysis

Hancock Physician Network LLC is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in February 2020, 6 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, Hancock Physician Network LLC reported income of $30.9m and spending of $35.3m, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $36.5m to $30.9m (-15%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hancock Physician Network 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 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Multi-State Lottery Association ($30.9m), The Savannah Community Foundation Inc ($30.9m) and Spectrum Healthcare Group Inc ($30.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $971k (2.8% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $7.3m against liabilities of $3.7m, net assets of $3.6m. It reported 361 employees.