Physician Enterprise LLC
2000 Medical Pkwy Ste 606, Annapolis, MD · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $278,959,297 | $309,335,657 | -$135,438,510 |
| FY2024 | $251,771,070 | $284,489,098 | -$96,586,620 |
| FY2023 | $226,433,368 | $266,808,656 | -$56,211,332 |
| FY2022 | $225,688,914 | $263,519,389 | -$18,380,857 |
| FY2021 | $202,735,944 | $233,404,356 | $2,858,342 |
| FY2020 | $178,945,425 | $199,642,368 | $4,311,842 |
| FY2019 | $173,158,550 | $185,714,291 | $4,311,842 |
| FY2018 | $150,940,763 | $166,755,416 | $5,171,751 |
| FY2017 | $137,257,729 | $153,956,226 | $5,127,959 |
| FY2016 | $122,194,490 | $134,364,828 | $4,666,240 |
| FY2015 | $109,706,140 | $120,072,563 | $1,444,832 |
| FY2014 | $87,117,492 | $94,722,572 | $1,399,355 |
| FY2013 | $76,305,102 | $82,647,804 | -$22,004,868 |
| FY2012 | $67,593,895 | $70,587,339 | -$15,662,166 |
Form 990 filings
The returns filed by Physician Enterprise LLC (EIN 27-0263214), 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 revenue |
|---|---|---|
| Contributions & grants | $1,379,125 | <1% |
| Program service revenue | $269,290,281 | 97% |
| Other revenue | $8,289,891 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $263,376,698 | 85% |
| Management & general | $45,958,959 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2025.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2025. That is higher than 54.2% of 118 Health Care organizations in MD.
- Net assets covered about -5.3 months of expenses at the end of the reporting year. That puts it in the 2nd percentile among 452 Health Care organizations in MD.
- Total revenue was higher than 92.9% of 476 Health Care organizations in MD.
- Total revenue rose from $67,593,895 in FY2012 to $278,959,297 in FY2025. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from -$15,662,166 to -$135,438,510 between FY2012 and FY2025.
- Contributions and grants made up 16% of revenue in FY2012 and 1% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
TO ENHANCE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.THE MISSION OF PHYSICIAN ENTERPRISE, LLC IS TO PROVIDE PHYSICIAN, DIAGNOSTIC, AND OTHER HEALTH CARE SERVICES.
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E30 — Health Care (in MD) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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