Evms Academic Physicians and Surgeons Health Services Foundatio

Analysis

Evms Academic Physicians and Surgeons Health Services Foundatio is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in November 1988, 38 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 2023, Evms Academic Physicians and Surgeons Health Services Foundatio reported income of $85.3m and spending of $76.4m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $77.0m to $85.3m (+11%), an average of +3.5% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Evms Academic Physicians and Surgeons Health Services Foundatio sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Alexian Brothers Behavioral Health Hospital ($85.2m), Eau Claire Cooperative Health Center Inc ($85.3m) and Southwest Human Development Incorporated ($84.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.5m (4.6% of expenses). Other salaries and wages came to $42.0m. At year end it held assets of $48.4m against liabilities of $21.4m, net assets of $27.0m. It reported 650 employees.