Frederick Health Medical Group LLC

Analysis

Frederick Health Medical Group LLC is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 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, Frederick Health Medical Group LLC reported income of $103.6m and spending of $125.9m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.9m to $103.6m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Frederick Health Medical Group LLC sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Medical Care of Boston Management Corporation ($103.6m), Comprehensive Healthcare ($103.6m) and Reedsburg Area Medical Center Inc ($103.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $55.7m. At year end it held assets of $26.7m against liabilities of $26.7m, net assets of $37k. It reported 807 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.