Core Physicians LLC

Analysis

Core Physicians LLC is a registered charity in United States, based in Exeter, NH. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Core Physicians LLC reported income of $94.9m and spending of $134.6m, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $83.0m to $94.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Core Physicians LLC 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 NH. Charities of a similar size with the same main cause include Samaritan North Lincoln Hospital ($94.6m), Westfields Hospital Inc ($95.3m) and The New London Hospital Association Inc ($94.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.7m (2.7% of expenses). Other salaries and wages came to $77.1m. At year end it held assets of $35.5m against liabilities of $37.5m, net assets of -$1.9m. It reported 869 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.