Presence Care Transformation Corporation

Analysis

Presence Care Transformation Corporation is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Presence Care Transformation Corporation reported income of $3.5m and spending of $46.5m, spending 1338% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $243.7m to $3.5m (-99%), an average of -66% a year. The sharpest change came in the year to June 2021, when income dropped by 99%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presence Care Transformation Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Washington Physicians Health Program ($3.5m), Recovery Centers of Arkansas Inc ($3.5m) and Assure Womens Center ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 71% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $117.4m against liabilities of $1.23bn, net assets of -$1.11bn. It reported 12,279 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.