Promedica Monroe Physicians PLLC

Analysis

Promedica Monroe Physicians PLLC is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 2022, 4 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 Monroe Physicians PLLC reported income of $24.9m and spending of $34.5m, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $17.3m to $24.9m (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 137% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Monroe Physicians PLLC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Wesbury United Methodist Community ($24.9m), Asian Community Center of Sacramento Valley Inc ($24.9m) and United Cerebral Palsy of Central Arkansas Inc ($24.9m).

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 $23.5m. At year end it held assets of $5.8m against liabilities of $7.0m, net assets of -$1.1m. It reported 214 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.