Duke University Affiliated Physicans Inc

Analysis

Duke University Affiliated Physicans Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Duke University Affiliated Physicans Inc reported income of $201.0m and spending of $261.8m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $139.4m to $201.0m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Duke University Affiliated Physicans Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Seton Family of Doctors ($201.0m), Alexian Brothers Health System ($201.2m) and Alegent Health-Immanuel Medical Center ($200.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $994k (0.4% of expenses). Other salaries and wages came to $149.4m. At year end it held assets of $84.0m against liabilities of $45.1m, net assets of $38.9m. It reported 1,691 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.