Texas Health Physicians Group

Analysis

Texas Health Physicians Group is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2007, 19 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, Texas Health Physicians Group reported income of $613.4m and spending of $872.1m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $494.6m to $613.4m (+24%), an average of +5.5% a year. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Health Physicians Group sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Iowa Physicians Clinic Medical Foundation ($612.2m), Jack and Nancy Dwyer Workforce Development Center Inc ($613.9m) and Genesis Healthcare System ($610.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9.9m (1.1% of expenses). Other salaries and wages came to $513.2m. At year end it held assets of $258.4m against liabilities of $150.4m, net assets of $108.1m. It reported 4,882 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.