Physicians Benevolent Fund

Analysis

Physicians Benevolent Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1964, 62 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 December 2023, Physicians Benevolent Fund reported income of $560k and spending of $574k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $596k to $560k (-6.1%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Physicians Benevolent Fund sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Gift of Life Inc ($560k), Breast and Gyn Health Project ($560k) and Nami Alabama Inc ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 3.8% of the total. Other salaries and wages came to $156k. At year end it held assets of $5.2m against liabilities of $45k, net assets of $5.2m.