Partners in Health a Nonprofit Corporation

Analysis

Partners in Health a Nonprofit Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Partners in Health a Nonprofit Corporation reported income of $273.1m and spending of $232.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $154.5m to $273.1m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Partners in Health a Nonprofit Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include New York Queens Medicine and Surgery PC ($273.0m), Yamhill County Care Organization Inc ($273.8m) and MGB Pooled Holdings LLC ($272.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $1.4m (0.6% of expenses). Other salaries and wages came to $63.5m. It paid $395k in professional fundraising fees. At year end it held assets of $324.5m against liabilities of $47.9m, net assets of $276.6m. It reported 494 employees.