Prima Medical Foundation

Analysis

Prima Medical Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in August 2014, 12 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, Prima Medical Foundation reported income of $172.9m and spending of $172.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $94.0m to $172.9m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prima Medical Foundation sits at the 96th percentile: it is larger than about 96% of them. 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 Allosource ($172.7m), St Marys Regional Health Center ($172.9m) and Southern Health Care Alliance ($172.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $33.3m. At year end it held assets of $75.6m against liabilities of $70.3m, net assets of $5.3m. It reported 510 employees.