Medical Faculty Associates Inc

Analysis

Medical Faculty Associates Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 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, Medical Faculty Associates Inc reported income of $380.8m and spending of $461.8m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $471.9m to $380.8m (-19%), an average of -5.2% a year. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Faculty Associates Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include Community Mercy Health Partners ($380.0m), Sentara Medical Group ($381.4m) and Baptist Hospitals of Southeast Texas ($380.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.0m (0.9% of expenses). Other salaries and wages came to $218.1m. At year end it held assets of $229.4m against liabilities of $466.1m, net assets of -$236.7m. It reported 2,116 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.