MHS Physicians of Texas

Analysis

MHS Physicians of Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2023, MHS Physicians of Texas reported income of $41.7m and spending of $67.8m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $69.3m to $41.7m (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. 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, MHS Physicians of Texas sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Via Care Community Health Center ($41.7m), Valley Professionals Community Health Center Inc ($41.7m) and Richfield Living ($41.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Other salaries and wages came to $23.4m. At year end it held assets of $8.8m against liabilities of $266.5m, net assets of -$257.7m. It reported 157 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.