Salem Physician Practices PC

Analysis

Salem Physician Practices PC is a registered charity in United States, based in Salem, NJ. It received its IRS tax-exemption ruling in November 2018, 8 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salem Physician Practices PC reported income of $824k and spending of $4.6m, spending 559% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $824k (-76%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 250% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Salem Physician Practices PC sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Greater Nashua Dental Connection ($823k), Coalition of Community Health Clinics ($824k) and Institute for Chemical Dependency Professionals of Minnesota Inc ($823k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $156k against liabilities of $4.0m, net assets of -$3.9m. It reported 25 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.