Covenant Physician Partners Inc

Analysis

Covenant Physician Partners Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in December 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 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, Covenant Physician Partners Inc reported income of $21.8m and spending of $21.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.7m to $21.8m (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Physician Partners Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include John Heinz Institute of Rehabilitation Medicine ($21.8m), Harbor View Medical Services PC ($21.8m) and Cumberland County Hospital Association Inc ($21.8m).

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 $526k (2.4% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $18.6m against liabilities of $6.1m, net assets of $12.4m. It reported 193 employees.