Physicians Clinic Inc

Analysis

Physicians Clinic Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1986, 40 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, Physicians Clinic Inc reported income of $284.6m and spending of $342.7m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206.3m to $284.6m (+38%), an average of +8.4% a year. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Physicians Clinic Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Herbert J Thomas Memorial Hospital Association ($284.3m), Alfred I Dupont Charitable Trust ($284.6m) and Carroll Hospital Center Inc ($283.9m).

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 $217.5m. At year end it held assets of $103.8m against liabilities of $54.8m, net assets of $49.0m. It reported 2,233 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.