Primary Care Development Corporation
Primary Care Development Corporation shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 133711803 · New York, NY · NTEE: E800 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.8M |
| Total Expenses | $15.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $170 |
| Net Assets | $60.4M |
| Transparency Score | 92/100 |
Is Primary Care Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Primary Care Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Primary Care Development Corporation
Primary Care Development Corporation (EIN: 133711803) is a nonprofit organization based in New York, NY, classified under NTEE code E800. The organization reported total revenue of $32.8M and total assets of $170.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Primary Care Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Primary Care Development Corporation is a large nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.2M |
| Total Expenses | $15.2M |
| Surplus / Deficit | $-1,043,931 |
| Total Assets | $143.0M |
| Total Liabilities | $82.5M |
| Net Assets | $60.4M |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 57.7% |
| Months of Reserves | 112.9 months |
Financial Health Grade: C
In 2023, Primary Care Development Corporation reported a deficit of $1.0M with expenses exceeding revenue, holds 112.9 months of operating reserves (strong position), has a debt-to-asset ratio of 57.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Primary Care Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.5% | +19.2% | +8.3% |
| 2022 | -27.6% | +9.3% | +2.0% |
| 2021 | +66.7% | -16.2% | +28.7% |
| 2020 | +1.9% | +20.4% | +7.0% |
| 2019 | +5.3% | +3.3% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Primary Care Development Corporation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Primary Care Development Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with assets exceeding $170 million and annual revenues in the tens of millions. This suggests that either compensation is not reported in this specific line item, or executives are compensated through other means, or the organization truly operates with unpaid leadership, which would be exceptional.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Primary Care Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Primary Care Development Corporation:
- Strong and consistent asset growth, from $58,751,171 in 201406 to $170,477,187 currently.
- Generally positive net income, indicating sound financial management (e.g., $17,167,926 revenue vs. $12,753,321 expenses in 202206).
- High transparency with 13 available IRS 990 filings.
- Low reported administrative and fundraising costs, especially given the 0% officer compensation, suggesting a high proportion of funds for programs.
Frequently Asked Questions about Primary Care Development Corporation
Is Primary Care Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Primary Care Development Corporation (EIN: 133711803) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Primary Care Development Corporation spend its money?
Primary Care Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Primary Care Development Corporation tax-deductible?
Primary Care Development Corporation is registered as a tax-exempt nonprofit (EIN: 133711803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Primary Care Development Corporation CEO make?
Primary Care Development Corporation's highest-compensated officer earns $170 annually. The organization reported $32.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Primary Care Development Corporation's spending goes to programs?
Primary Care Development Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Primary Care Development Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Primary Care Development Corporation is above average for NTEE category E800 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Primary Care Development Corporation located?
Primary Care Development Corporation is headquartered in New York, New York and files with the IRS under EIN 133711803. It is classified under NTEE code E800.
How many years of IRS 990 filings does Primary Care Development Corporation have?
Primary Care Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $32.8M in total revenue.
How does PCDC manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of PCDC's size and financial activity. It could indicate that executive compensation is categorized differently within their financial statements, paid through a related entity, or that the organization genuinely operates with unpaid leadership, which would be a significant and rare operational model.
What is the primary source of PCDC's revenue?
While the provided data shows total revenue, it does not specify the primary sources (e.g., grants, service fees, investments). A deeper dive into the full 990 forms would be necessary to understand the composition of their $32,784,176 latest revenue.
What specific programs does PCDC fund with its substantial assets?
The NTEE code E800 suggests a focus on Community Health Systems. To understand the specific programs, one would need to review the program service accomplishments section of their IRS 990 filings, which details their activities in promoting primary care development.
Filing History
IRS 990 filing history for Primary Care Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Primary Care Development Corporation's revenue has grown by 83.4%, moving from $7.7M to $14.2M. Total assets increased by 87.2% over the same period, from $76.4M to $143.0M. Total functional expenses rose by 54.2%, from $9.9M to $15.2M. In its most recent filing year (2023), Primary Care Development Corporation reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $82.5M in liabilities against $143.0M in assets (debt-to-asset ratio: 57.7%), resulting in net assets of $60.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.2M | $15.2M | $143.0M | $82.5M | — | View 990 |
| 2022 | $17.2M | $12.8M | $132.0M | $73.3M | — | View 990 |
| 2021 | $23.7M | $11.7M | $129.3M | $74.2M | — | View 990 |
| 2020 | $14.2M | $13.9M | $100.5M | $57.2M | — | View 990 |
| 2019 | $14.0M | $11.6M | $93.9M | $51.2M | — | View 990 |
| 2018 | $13.2M | $11.2M | $88.0M | $47.8M | — | View 990 |
| 2017 | $13.1M | $10.2M | $67.3M | $28.9M | — | View 990 |
| 2016 | $9.3M | $9.0M | $62.7M | $27.0M | — | View 990 |
| 2015 | $10.3M | $9.0M | $63.6M | $28.3M | — | View 990 |
| 2014 | $8.5M | $10.0M | $58.8M | $24.6M | — | View 990 |
| 2013 | $8.8M | $9.6M | $72.9M | $36.8M | — | View 990 |
| 2012 | $8.7M | $10.6M | $74.5M | $37.2M | — | View 990 |
| 2011 | $7.7M | $9.9M | $76.4M | $37.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.2M, expenses of $15.2M, and assets of $143.0M (revenue -17.5% year-over-year).
- 2022: Revenue of $17.2M, expenses of $12.8M, and assets of $132.0M (revenue -27.6% year-over-year).
- 2021: Revenue of $23.7M, expenses of $11.7M, and assets of $129.3M (revenue +66.7% year-over-year).
- 2020: Revenue of $14.2M, expenses of $13.9M, and assets of $100.5M (revenue +1.9% year-over-year).
- 2019: Revenue of $14.0M, expenses of $11.6M, and assets of $93.9M (revenue +5.3% year-over-year).
- 2018: Revenue of $13.2M, expenses of $11.2M, and assets of $88.0M (revenue +1.2% year-over-year).
- 2017: Revenue of $13.1M, expenses of $10.2M, and assets of $67.3M (revenue +41.0% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.0M, and assets of $62.7M (revenue -10.0% year-over-year).
- 2015: Revenue of $10.3M, expenses of $9.0M, and assets of $63.6M (revenue +21.8% year-over-year).
- 2014: Revenue of $8.5M, expenses of $10.0M, and assets of $58.8M (revenue -3.6% year-over-year).
- 2013: Revenue of $8.8M, expenses of $9.6M, and assets of $72.9M (revenue +1.1% year-over-year).
- 2012: Revenue of $8.7M, expenses of $10.6M, and assets of $74.5M (revenue +12.5% year-over-year).
- 2011: Revenue of $7.7M, expenses of $9.9M, and assets of $76.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Primary Care Development Corporation:
Data Sources and Methodology
This transparency report for Primary Care Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.