Milford Regional Physician Group Inc
Milford, MA 01757 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $117,778,319 | $127,778,817 | $3,169,379 |
| FY2023 | $115,595,967 | $124,549,917 | $2,893,476 |
| FY2022 | $105,396,139 | $113,605,283 | $3,590,890 |
| FY2021 | $98,396,869 | $101,026,255 | $5,665,906 |
| FY2020 | $78,222,591 | $87,821,398 | -$715,074 |
| FY2019 | $72,938,228 | $84,801,463 | $3,227,999 |
| FY2018 | $65,521,979 | $74,452,746 | $859,472 |
| FY2017 | $64,772,556 | $72,755,096 | $1,506,254 |
| FY2016 | $60,447,328 | $65,890,778 | $1,569,957 |
| FY2015 | $54,208,492 | $58,767,984 | $1,891,735 |
| FY2014 | $51,042,164 | $55,657,959 | $1,565,045 |
| FY2013 | $46,281,832 | $51,044,419 | $989,834 |
| FY2012 | $44,755,110 | $49,548,634 | $1,512,329 |
| FY2011 | $42,125,053 | $47,014,954 | $1,578,375 |
Form 990 filings
The returns filed by Milford Regional Physician Group Inc (EIN 04-3159969), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $117,780,463 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $124,436,111 | 97% |
| Management & general | $3,342,706 | 3% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2024. That is higher than 90.9% of 176 Health Care organizations in MA.
- Net assets covered about 0.3 months of expenses at the end of the reporting year. That puts it in the 13th percentile among 620 Health Care organizations in MA.
- Total revenue was higher than 90.6% of 651 Health Care organizations in MA.
- Total revenue rose from $42,125,053 in FY2011 to $117,778,319 in FY2024. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- Net assets grew from $1,578,375 to $3,169,379 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Milford Regional Physicians Group is a large multi-specialty physician group practice with emphasis on primary care. Our mission is to provide healthcare services to all individuals in our community with dignity, compassion, and respect.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in MA) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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