American College of Physicians

Analysis

American College of Physicians is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 June 2023, American College of Physicians reported income of $832k and spending of $795k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $851k to $832k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 119%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American College of Physicians sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include The Peoples Lobby Education Institute ($832k), My Friends Place Inc ($832k) and Childrens Bible Ministries Inc ($832k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $513k against liabilities of $88k, net assets of $425k.