Beebe Physican Network Inc

Analysis

Beebe Physican Network Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in February 2000, 26 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, Beebe Physican Network Inc reported income of $63.0m and spending of $98.2m, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.8m to $63.0m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 160% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beebe Physican Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Commonwealth Clinical Alliance Inc ($63.0m), Nebraska Medicine ($63.0m) and Riverview Healthcare Association ($63.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.2m (2.2% of expenses). Other salaries and wages came to $69.7m. At year end it held assets of $16.6m against liabilities of $338.0m, net assets of -$321.4m. It reported 644 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.