Hillcrest Physician Services

Analysis

Hillcrest Physician Services is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2003, 23 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, Hillcrest Physician Services reported income of $57.2m and spending of $57.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.5m to $57.2m (+35%), an average of +7.7% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hillcrest Physician Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Columbiacare Services Inc ($57.2m), Baylor Health Care System Foundation ($57.3m) and Summitstone Health Partners ($57.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $5.5m (9.6% of expenses). Other salaries and wages came to $36.5m. At year end it held assets of $10.1m against liabilities of $10.1m, net assets of $13k. It reported 229 employees.