Great Lakes Physician Practice PC

Analysis

Great Lakes Physician Practice PC is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2016, 10 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 June 2023, Great Lakes Physician Practice PC reported income of $39.8m and spending of $52.8m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.7m to $39.8m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Great Lakes Physician Practice PC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Henry County Health Center Inc ($39.7m), St Clare Memorial Hospital Inc ($39.8m) and Intercare Community Health Network ($39.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.5m (4.7% of expenses). Other salaries and wages came to $35.6m. At year end it held assets of $12.9m against liabilities of $80.1m, net assets of -$67.2m. It reported 369 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.