Florida Hospital Physician Group Inc

Analysis

Florida Hospital Physician Group Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florida Hospital Physician Group Inc reported income of $326.6m and spending of $334.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $142.3m to $326.6m (+129%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Hospital Physician Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Jsi Research & Training Institute Inc ($326.0m), The Mental Health Association of New York City Inc ($332.4m) and Educational Credit Management Corporation ($318.1m).

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 $1.4m (0.4% of expenses). Other salaries and wages came to $178.6m. At year end it held assets of $51.6m against liabilities of $48.6m, net assets of $3.0m. It reported 1,868 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.