Nemours New Jersey Physician Practice PC

Analysis

Nemours New Jersey Physician Practice PC is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in September 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 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, Nemours New Jersey Physician Practice PC reported income of $14.5m and spending of $16.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $14.5m (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 158% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nemours New Jersey Physician Practice PC 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 97th percentile within DE. Charities of a similar size with the same main cause include Musc Health Partners ($14.5m), Alphanet Inc ($14.5m) and Ozarks Resource Group ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 66% of the total. Other salaries and wages came to $12.5m. At year end it held assets of $2.9m against liabilities of $39.8m, net assets of -$37.0m.

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.