Prime Healthcare Foundation Inc

Analysis

Prime Healthcare Foundation Inc is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Prime Healthcare Foundation Inc reported income of $776.3m and spending of $817.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.01bn to $776.3m (-23%), an average of -6.4% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prime Healthcare Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Truman Medical Center Incorporated ($776.1m), Kennedy University Hospital Inc ($779.7m) and Stamford Hospital ($776.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $8.3m (1.0% of expenses). Other salaries and wages came to $310.4m. At year end it held assets of $1.85bn against liabilities of $1.04bn, net assets of $804.8m. It reported 4,931 employees.