BMG Family Physicians Group Foundation Inc

Analysis

BMG Family Physicians Group Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2015, 11 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 September 2023, BMG Family Physicians Group Foundation Inc reported income of $13.7m and spending of $20.4m, spending 149% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.9m to $13.7m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to September 2021, when income rose by 17%. 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, BMG Family Physicians Group Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Bishop Spencer Place Inc ($13.7m), Duluth Health Services ($13.7m) and Avidd Community Services of New Jersey Inc ($13.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.2m (16% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $5.9m against liabilities of $53.7m, net assets of -$47.8m. It reported 199 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.