Prairie Lakes Health Care System Inc

Analysis

Prairie Lakes Health Care System Inc is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in April 1987, 39 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 May 2023, Prairie Lakes Health Care System Inc reported income of $143.8m and spending of $137.6m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $120.1m to $143.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to May 2021, when income rose by 20%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prairie Lakes Health Care System Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include WRMC Hospital Operating Corporation ($143.8m), Norton - Kings Daughters Health Inc ($144.1m) and The Guthrie Clinic ($143.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $964k (0.7% of expenses). Other salaries and wages came to $55.4m. At year end it held assets of $404.7m against liabilities of $48.3m, net assets of $356.4m. It reported 751 employees.