Texas Tech Physicians Associates

Analysis

Texas Tech Physicians Associates is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, Texas Tech Physicians Associates reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $33.0m to $2.1m (-94%), an average of -50% a year. The sharpest change came in the year to August 2023, when income dropped by 65%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Tech Physicians Associates sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Hope Choice Inc ($2.1m), Fort Hudson Certified Home Health Agency Inc ($2.1m) and Family Health Partnership Clinic ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2,625 (0.1% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.