The Physician Network

Analysis

The Physician Network is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 1996, 30 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Physician Network reported income of $1.2m and spending of $410k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $92.8m to $1.2m (-99%), an average of -66% a year. The sharpest change came in the year to June 2022, when income dropped by 94%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Physician Network sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Commonshare Inc ($1.2m), Southen Illinois Healthcare Enterprises Inc ($1.2m) and Osap Foundation Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $36k (8.7% of expenses). Other salaries and wages came to $234k. At year end it held assets of $22.3m against liabilities of $213.3m, net assets of -$191.1m. It reported 245 employees.