Huguley Medical Associates Inc

Analysis

Huguley Medical Associates Inc is a registered charity in United States, based in Burleson, TX. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Huguley Medical Associates Inc reported income of $15.2m and spending of $27.0m, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $15.2m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 150% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Huguley Medical Associates 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 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Visiting Nurse Association of Englewood Inc ($15.2m), Ashley House ($15.2m) and Potomac Highlands Mental Health Guild Inc ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $555k (2.1% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $7.0m against liabilities of $9.5m, net assets of -$2.5m. It reported 175 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.