New Orleans Physician Services Inc

Analysis

New Orleans Physician Services Inc is a registered charity in United States, based in Marrero, LA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, New Orleans Physician Services Inc reported income of $42.6m and spending of $63.0m, spending 148% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $13.2m to $42.6m (+223%), an average of +34% a year. The sharpest change came in the year to December 2019, when income rose by 98%. Over the whole period it spent 155% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Orleans Physician Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Community Crossroads Inc ($42.5m), Brawley Community Foundation ($42.8m) and Connecticut Institute for Communities Inc ($41.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $199k (0.3% of expenses). Other salaries and wages came to $29.5m. At year end it held assets of $16.7m against liabilities of $125.2m, net assets of -$108.6m. It reported 334 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.