Prisma Health Medical Group-Midlands

Analysis

Prisma Health Medical Group-Midlands is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Prisma Health Medical Group-Midlands reported income of $348.0m and spending of $558.0m, spending 160% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $404.1m to $348.0m (-14%), an average of -3.7% a year. The sharpest change came in the year to September 2021, when income dropped by 29%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prisma Health Medical Group-Midlands sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Bentley University ($347.7m), Colgate University Treasurers Office ($350.0m) and University of New Haven ($344.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $578k (0.1% of expenses). Other salaries and wages came to $369.6m. At year end it held assets of $112.6m against liabilities of $59.2m, net assets of $53.4m. It reported 2,653 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.