HMC Physician Services Inc

Analysis

HMC Physician Services Inc is a registered charity in United States, based in Savannah, TN. It received its IRS tax-exemption ruling in January 2013, 13 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, HMC Physician Services Inc reported income of $2.3m and spending of $5.1m, spending 225% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 230% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HMC Physician Services Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Via Cognitive Health ($2.3m), Perry County Counseling Center Inc ($2.3m) and Lung Cancer Foundation of America ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $1.2m against liabilities of $21.2m, net assets of -$20.0m. It reported 39 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.