American College of Physicians

Analysis

American College of Physicians is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 June 2024, American College of Physicians reported income of $125k and spending of $150k, spending 120% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $71k to $125k (+77%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American College of Physicians sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Batavia Rotary Memorial Fund ($125k), Ocean City Recreation & Park Advisory Council ($125k) and Coon Valley Conservation Club Inc ($125k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.6% and program service revenue 46% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.

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.