University of Maryland Faculty Physicians Inc

Analysis

University of Maryland Faculty Physicians Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1984, 42 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 June 2023, University of Maryland Faculty Physicians Inc reported income of $112.7m and spending of $103.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $91.6m to $112.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Maryland Faculty Physicians Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Southwest Health Center Inc ($112.6m), One Brooklyn Health System Inc ($112.7m) and Fenway Community Health Center Inc ($112.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3.0m (2.9% of expenses). Other salaries and wages came to $26.3m. At year end it held assets of $323.5m against liabilities of $188.5m, net assets of $135.0m. It reported 1,593 employees.