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Texas · Nonprofit

PHYSICIANS BENEVOLENT FUND

PHYSICIANS BENEVOLENT FUND (Texas) receives grants from 4 organizations whose IRS filings report $537,981 to it, the largest being THE PHYSICIANS FOUNDATION INC ($500,000). 3 of them have funded it in more than one year.

Revenue FY2024
$485k
Funders on record
4
Grants received
$538k
Net assets
$5.4M
3/4 repeat funderspeak grant-dependency 2%
01What it does

What Physicians Benevolent Fund does

Mission

The purpose for which it is formed is to receive and hold in trust, safely keep and invest, money and other real and personal property and accumulate revenue and income therefrom, for the use and benefit of charitable, benevolent, and scientific purposes, included but not limited to (1) the research in the field of geriatrics, (2) the rehabilitation of destitute texas physicians and their families, (3) the aiding, supporting, maintaining and assisting by gift, donation or otherwise, projects or endeavors, whether incorporated or unincorporated, whose objects or purposes are to give physical aid, comfort, support or assistance to maimed, crippled, aged, sick, infirm, indigent or destitute texas physicians and their families, or to aid, support, maintain, assist, give or donate to such individuals directly, all for the betterment of mankind, and for purposes incidental thereto.

As stated on its FY2024 Form 990.

Programs

  1. Assist indigent or destitute physicians or their families. In 2024, $86,444 was paid to/for 6 participants.

    $191,015 spentof which $86,444 as grants
    56% of program spending
  2. Provide health wellness education and services to physicians.

    $151,966 spent$16,823 earned by the program
    44% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $342,981.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($724k) Expenses 100 ($454k) Net assets 100 ($5.1M)2020 Revenue 43 ($315k) Expenses 88 ($401k) Net assets 108 ($5.5M)2021 Revenue 69 ($498k) Expenses 97 ($440k) Net assets 119 ($6.0M)2022 Revenue 50 ($362k) Expenses 117 ($531k) Net assets 95 ($4.9M)2023 Revenue 77 ($560k) Expenses 126 ($574k) Net assets 102 ($5.2M)2024 Revenue 67 ($485k) Expenses 120 ($543k) Net assets 107 ($5.4M)
201920202021202220232024
Revenue (67)Expenses (120)Net assets (107)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $6.0M to $4.9M (−18%).

$5.1M
$5.5M
$6.0M
$4.9M
$5.2M
$5.4M
201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

33% of PHYSICIANS BENEVOLENT FUND’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).

This organization
Typical peer · 14,893 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.

$269k
’19
−$87k
’20
$58k
’21
−$170k
’22
−$14k
’23
−$58k
’24
5.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Michael J Darrouzet

CEO

Board chair

Keith A Bourgeois Md

Chair (23-24)

As listed on its FY2024 Form 990.

201920202021202220232024
Listed242223242426
Joined·+4+5+5+5+7
No longer listed·64455
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $503k → $5k.

1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $257k from 2 payers (the payer shares this organization's board, largest Texas Medical Association). These are real filings, and they are not money PHYSICIANS BENEVOLENT FUND raised.

From the IRS filings of PHYSICIANS BENEVOLENT FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PHYSICIANS BENEVOLENT FUND leans on a few funders — its largest provides 93% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

95% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PHYSICIANS BENEVOLENT FUND.

93%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 99% · 2018 70% · 2019 100% · 2020 96% · 2021 67% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of PHYSICIANS BENEVOLENT FUND's grant income comes from Texas funders.

TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Texas out of state home

Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PHYSICIANS BENEVOLENT FUND's revenue fell 33% between 2019 and 2024.

Operating margin−12% · bottom quartile
Months of reserve5.1mo · below the median
Revenue growth (annualized)−8% · bottom quartile

this organization peer median middle 50% of peers· 13,754 health nonprofits $100k–$1M, FY2024

Organizations like PHYSICIANS BENEVOLENT FUND

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Texas

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

63% of spending goes to programs.

Program 63%Management 36%Fundraising 1%

Governance

18
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 1 related entity

  • Texas Medical Association · exempt

Screen this organization

A dated, signed PDF of the compliance screen for PHYSICIANS BENEVOLENT FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PHYSICIANS BENEVOLENT FUND?
PHYSICIANS BENEVOLENT FUND (Texas) receives grants from 4 organizations whose IRS filings report $537,981 to it, the largest being THE PHYSICIANS FOUNDATION INC ($500,000). 3 of them have funded it in more than one year.
How many funders does PHYSICIANS BENEVOLENT FUND have?
IRS filings report 4 organizations giving $537,981 in grants to PHYSICIANS BENEVOLENT FUND, 3 of which have funded it in more than one year.
Who is the largest funder of PHYSICIANS BENEVOLENT FUND?
THE PHYSICIANS FOUNDATION INC is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
How can an organization like PHYSICIANS BENEVOLENT FUND find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Physicians Benevolent →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing