Circle Health Physicians Inc
295 Varnum Ave, Lowell, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $91,842,223 | $115,882,604 | $1,611,012 |
| FY2024 | $75,053,901 | $96,157,334 | $22,273,155 |
| FY2023 | $71,900,029 | $87,593,673 | -$27,287,812 |
| FY2022 | $68,600,363 | $80,006,807 | -$18,771,716 |
| FY2021 | $78,082,073 | $83,922,409 | -$1,829,456 |
| FY2020 | $62,760,734 | $68,820,965 | $10,936,134 |
| FY2019 | $49,416,984 | $61,590,621 | $485,670 |
| FY2018 | $45,939,997 | $54,848,827 | $339,648 |
| FY2017 | $38,813,661 | $48,550,448 | $215,615 |
| FY2016 | $38,628,734 | $45,303,884 | $263,392 |
| FY2015 | $36,208,996 | $42,492,274 | -$211,091 |
| FY2014 | $28,879,439 | $32,187,183 | $206,171 |
| FY2013 | $27,250,324 | $28,477,395 | -$868,150 |
| FY2012 | $27,201,816 | $26,674,719 | $358,921 |
Form 990 filings
The returns filed by Circle Health Physicians Inc (EIN 27-3902914), 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 | $0 | 0% |
| Program service revenue | $91,842,217 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $106,312,784 | 92% |
| Management & general | $9,569,820 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2025. That is higher than 68.8% of 176 Health Care organizations in MA.
- Net assets covered about 0.2 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 89.2% of 651 Health Care organizations in MA.
- Total revenue rose from $27,201,816 in FY2012 to $91,842,223 in FY2025. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 13 of 14 reported years (FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets grew from $358,921 to $1,611,012 between FY2012 and FY2025.
- Contributions and grants made up 13% of revenue in FY2012 and 0% 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
THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF BENEFITING, SUPPORTING AND FURTHERING THE CHARITABLE ACTIVITIES OF LOWELL GENERAL HOSPITAL AND ORGANIZATIONS AFFILIATED WITH THE HOSPITAL.
IRS status
| Ruling year | 2011 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E112 — Health Care (in MA) |
| 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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