Priority Health Choice Inc

Analysis

Priority Health Choice Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Priority Health Choice Inc reported income of $1.29bn and spending of $1.23bn, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $475.8m to $1.29bn (+171%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Priority Health Choice 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 MI. Charities of a similar size with the same main cause include Indiana University Health Care Associates Inc ($1.28bn), Chan Zuckerberg Biohub Inc ($1.29bn) and Mother Frances Hospital Regional Health Care Center ($1.26bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $413.3m against liabilities of $179.3m, net assets of $234.0m.