Physician Assistant Foundation of the American Academy of Physician

Analysis

Physician Assistant Foundation of the American Academy of Physician is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Physician Assistant Foundation of the American Academy of Physician reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $912k to $1.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Physician Assistant Foundation of the American Academy of Physician sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Tri-County Economic Development Charitable Corporation ($1.2m), Atu Training and Education Center Inc ($1.2m) and Carondelet Community Betterment Federation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $34k (3.3% of expenses). Other salaries and wages came to $348k. At year end it held assets of $4.5m against liabilities of $152k, net assets of $4.4m.