Apex Physician Associates of Texas

Analysis

Apex Physician Associates of Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Apex Physician Associates of Texas reported income of $1.1m and spending of $1.3m, spending 123% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $1.1m (+265%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 432%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apex Physician Associates of Texas sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include New Hampshire Coalition for Handicapped Citizens Inc ($1.1m), First Church in Malden Homes Inc ($1.1m) and American Association of Directors of Psychiatric ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $800k. At year end it held assets of $477k against liabilities of $42k, net assets of $435k. It reported 15 employees.