Aspirus Medical Group Inc

Analysis

Aspirus Medical Group Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in November 1994, 32 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, Aspirus Medical Group Inc reported income of $121.7m and spending of $159.1m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.8m to $121.7m (+24%), an average of +5.6% a year. 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, Aspirus Medical Group Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Lifelong Medical Care ($121.7m), Virtua Willingboro Hospital Inc ($121.7m) and Sauk Prairie Healthcare Inc ($121.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.8m (2.4% of expenses). Other salaries and wages came to $75.5m. At year end it held assets of $112.2m against liabilities of $114.8m, net assets of -$2.6m. It reported 1,547 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.