Asante Physician Partners

Analysis

Asante Physician Partners is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Asante Physician Partners reported income of $63.1m and spending of $97.2m, spending 154% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $69.9m to $63.1m (-9.8%), an average of -2.5% a year. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asante Physician Partners sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Nebraska Medicine ($63.0m), Cameron Regional Medical Center Inc ($63.4m) and Beebe Physican Network Inc ($63.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.1m (4.2% of expenses). Other salaries and wages came to $56.7m. At year end it held assets of $24.4m against liabilities of $257.9m, net assets of -$233.5m. It reported 824 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.