Fayette Physician Network Inc

Analysis

Fayette Physician Network Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in July 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, Fayette Physician Network Inc reported income of $159.0m and spending of $158.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $9.4m to $159.0m (+1590%), an average of +103% a year. The sharpest change came in the year to December 2021, when income rose by 620%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fayette Physician Network Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include Samaritan Pacific Health Services Inc ($158.7m), Craig Hospital ($159.0m) and St Francis Hospital Inc ($158.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $201k (0.1% of expenses). Other salaries and wages came to $102.2m. At year end it held assets of $32.0m against liabilities of $31.3m, net assets of $664k. It reported 507 employees.