Hendrick Provider Network

Analysis

Hendrick Provider Network is a registered charity in United States, based in Abilene, 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, Hendrick Provider Network reported income of $91.9m and spending of $160.6m, spending 175% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $45.7m to $91.9m (+101%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 178% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hendrick Provider Network sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Center for Organ Recovery and Education ($91.9m), Easter Seals New Jersey Inc ($92.0m) and Cherry Street Services Inc ($91.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $10.1m (6.3% of expenses). Other salaries and wages came to $106.8m. At year end it held assets of $19.1m against liabilities of $22.1m, net assets of -$3.0m. It reported 1,032 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.