Piedmont Health Services Inc

Analysis

Piedmont Health Services Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 1970, 56 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Piedmont Health Services Inc reported income of $82.1m and spending of $80.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64.1m to $82.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Health Services Inc sits at the 95th 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 NC. Charities of a similar size with the same main cause include Corewell Health ($82.1m), Eastern Maine Healthcare Systems ($82.2m) and Pittsburgh Care Partnership Inc Community Life ($82.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $854k (1.1% of expenses). Other salaries and wages came to $38.3m. At year end it held assets of $54.1m against liabilities of $17.6m, net assets of $36.5m. It reported 726 employees.