THS Physician Partners Inc

Analysis

THS Physician Partners Inc is a registered charity in United States, based in S Charleston, WV. It received its IRS tax-exemption ruling in March 2014, 12 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, THS Physician Partners Inc reported income of $12.4m and spending of $18.9m, spending 153% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $19.5m to $12.4m (-36%), an average of -8.7% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 139% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, THS Physician Partners Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include Curative Care Network Inc ($12.4m), Innis Community Health Center Inc ($12.4m) and Livengrin Foundation Inc ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $7.2m. At year end it held assets of $12.0m against liabilities of $3.8m, net assets of $8.3m.

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.