Armc Physicians Care Inc

Analysis

Armc Physicians Care Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Armc Physicians Care Inc reported income of $16.4m and spending of $20.6m, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.3m to $16.4m (+33%), an average of +7.3% a year. Over the whole period it spent 140% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Armc Physicians Care Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Waimanalo Health Center ($16.4m), Opelousas General Health System Physician Practices ($16.4m) and The American Society of Gene & Cell Therapy ($16.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.3m. At year end it held assets of $2.5m against liabilities of $64.0m, net assets of -$61.5m. It reported 170 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.