Mcv Associated Physicians
Richmond, VA 23219 · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $632,316,187 | $731,700,018 | -$159,710,415 |
| FY2022 | $572,404,350 | $696,730,850 | -$67,825,140 |
| FY2021 | $539,983,630 | $600,621,526 | $90,095,497 |
| FY2020 | $528,318,709 | $509,534,603 | $118,064,403 |
| FY2019 | $467,163,359 | $475,770,274 | $95,447,058 |
| FY2018 | $427,751,420 | $457,532,921 | $111,721,169 |
| FY2017 | $412,124,512 | $412,304,928 | $133,181,376 |
| FY2016 | $368,239,141 | $359,549,822 | $121,223,106 |
| FY2015 | $320,232,614 | $328,806,235 | $120,086,914 |
| FY2014 | $292,627,135 | $299,463,084 | $126,840,313 |
| FY2013 | $281,757,201 | $264,765,719 | $129,101,641 |
| FY2012 | $247,584,496 | $242,107,897 | $106,128,832 |
| FY2011 | $233,633,419 | $218,485,661 | $101,635,004 |
Form 990 filings
The returns filed by Mcv Associated Physicians (EIN 54-1581185), 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 | $46,830,155 | 7% |
| Program service revenue | $585,483,106 | 92% |
| Investment income | $669,170 | <1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $704,384,097 | 96% |
| Management & general | $27,315,921 | 4% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2023.
- Program services accounted for 96% of functional expenses, management & general 4%, and fundraising 0%.
- 96% of functional expenses went to program services in FY2023. That is higher than 91.2% of 91 Health Care organizations in VA.
- Net assets covered about -2.6 months of expenses at the end of the reporting year. That puts it in the 4th percentile among 538 Health Care organizations in VA.
- Total revenue was higher than 98% of 552 Health Care organizations in VA.
- Total revenue rose from $233,633,419 in FY2011 to $632,316,187 in FY2023. Revenue increased in 12 and decreased in 0 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 13 reported years (FY2014, FY2015, FY2017, FY2018, FY2019, FY2021, FY2022, FY2023).
- Net assets declined from $101,635,004 to -$159,710,415 between FY2011 and FY2023.
- Contributions and grants made up 1% of revenue in FY2011 and 7% in FY2023.
- 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
SUPPORTING THE HEALTHCARE NEEDS OF THE COMMUNITY & THE MISSION OF THE VCU SCHOOL OF MEDICINE.
IRS status
| Ruling year | 2024 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E30 — Health Care (in VA) |
| 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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