Premier Healthcare Inc

Analysis

Premier Healthcare Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Premier Healthcare Inc reported income of $16.7m and spending of $18.9m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.0m to $16.7m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Premier Healthcare Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Community Family Advocates Inc ($16.7m), Golden Years Homestead Inc ($16.7m) and Annandale at Suwanee Inc ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $9.3m. At year end it held assets of $20.4m against liabilities of $33.7m, net assets of -$13.3m. It reported 205 employees.