Promedica Continuum Services

Analysis

Promedica Continuum Services is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promedica Continuum Services reported income of $74.8m and spending of $72.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $74.8m (+1157%), an average of +88% a year. The sharpest change came in the year to December 2021, when income rose by 124469%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Continuum Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Sarah Herzog Memorial Hospital ($74.7m), Seton-Ut Austin Dell Medical School University Physicians Group ($74.9m) and Black River Health Inc ($74.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 57% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $10.3m against liabilities of $30.8m, net assets of -$20.5m.