Iowa Physicians Clinic Medical Foundation

Analysis

Iowa Physicians Clinic Medical Foundation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in May 1997, 29 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 December 2023, Iowa Physicians Clinic Medical Foundation reported income of $612.2m and spending of $616.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $597.9m to $612.2m (+2.4%), an average of +0.6% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iowa Physicians Clinic Medical Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Genesis Healthcare System ($610.5m), Texas Health Physicians Group ($613.4m) and Norton Healthcare Inc ($607.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $14.8m (2.4% of expenses). Other salaries and wages came to $354.1m. At year end it held assets of $274.7m against liabilities of $256.4m, net assets of $18.2m. It reported 4,095 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.