Prairie Cardiovascular Consultants Ltd

Analysis

Prairie Cardiovascular Consultants Ltd is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, Prairie Cardiovascular Consultants Ltd reported income of $74.4m and spending of $112.3m, spending 151% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $58.0m to $74.4m (+28%), an average of +13% a year. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prairie Cardiovascular Consultants Ltd 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 IL. Charities of a similar size with the same main cause include Texas Health Hospital Mansfield ($74.4m), Wellmont Cardiology Services ($74.4m) and American Association for Cancer Research ($74.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $460k (0.4% of expenses). Other salaries and wages came to $75.2m. At year end it held assets of $32.7m against liabilities of $10.8m, net assets of $21.9m. It reported 486 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.