Health System Physician PC

Analysis

Health System Physician PC is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in April 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, Health System Physician PC reported income of $710k and spending of $2.1m, spending 294% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $710k (-71%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 236% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health System Physician PC sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Rilite Foundation ($709k), Mental Health America of York and Adams Counties ($710k) and Arkansas Pharmacy Foundation ($709k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $200k against liabilities of $13.3m, net assets of -$13.1m. It reported 13 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.