American College of Physicians

Analysis

American College of Physicians is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 June 2024, American College of Physicians reported income of $274k and spending of $320k, spending 117% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $280k to $274k (-1.9%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American College of Physicians sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Musaadah Charity ($274k), Pic International Inc ($274k) and Healy Senior Center of Southern Humboldt Inc ($274k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $72k (23% of expenses). Other salaries and wages came to $45k. At year end it held assets of $368k against liabilities of $7,122, net assets of $361k. It reported 2 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.