Promedica Multi Specialty Physicians LLC

Analysis

Promedica Multi Specialty Physicians LLC is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in November 2023, 3 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 December 2023, Promedica Multi Specialty Physicians LLC reported income of $18.0m and spending of $33.7m, spending 187% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.5m to $18.0m (+616%), an average of +616% a year. The sharpest change came in the year to December 2023, when income rose by 616%. Over the whole period it spent 183% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Multi Specialty Physicians LLC sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Baptist Health Care Affiliates Inc ($18.0m), Home Care United ($18.0m) and Institute for Neurodegenerative Disorders Inc ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $26.8m. At year end it held assets of $2.8m against liabilities of $19.8m, net assets of -$16.9m.