Kings Physician Services PC

Analysis

Kings Physician Services PC is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kings Physician Services PC reported income of $286.9m and spending of $286.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79.2m to $286.9m (+262%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 123% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kings Physician Services PC sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Mercy Hospital Joplin ($286.7m), White River Health System Inc ($287.0m) and The Good Samaritan Hospital of Lebanon Pennsylvania ($286.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $772k (0.3% of expenses). Other salaries and wages came to $124.2m. At year end it held assets of $67.1m against liabilities of $42.9m, net assets of $24.2m. It reported 526 employees.