Philip Health Services Inc

Analysis

Philip Health Services Inc is a registered charity in United States, based in Philip, SD. It received its IRS tax-exemption ruling in June 1981, 45 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, Philip Health Services Inc reported income of $19.8m and spending of $18.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.8m to $19.8m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Philip Health Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within SD. Charities of a similar size with the same main cause include Community Health Center of Lubbock Inc ($19.7m), Mission City Community Network Inc ($19.8m) and Heritage Schools Inc ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $209k (1.1% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $27.6m against liabilities of $9.9m, net assets of $17.7m. It reported 192 employees.