Moses Cone Physician Services Inc

Analysis

Moses Cone Physician Services Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 2011, 15 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 September 2023, Moses Cone Physician Services Inc reported income of $84.6m and spending of $135.1m, spending 160% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $68.8m to $84.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 153% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Moses Cone Physician Services Inc 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 NC. Charities of a similar size with the same main cause include Ann & Robert H Lurie Childrens Hospital of Chicago Foundation ($84.6m), Augusta Medical Group ($84.7m) and Ohio County Hospital Corporation ($84.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (1.0% of expenses). Other salaries and wages came to $111.9m. At year end it held assets of $46.6m against liabilities of $379.2m, net assets of -$332.6m. It reported 1,035 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.