Pisgah Health Foundation

Analysis

Pisgah Health Foundation is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in August 1985, 41 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 2022, Pisgah Health Foundation reported income of $1.5m and spending of $2.0m, spending 129% of what it took in. Across the 5 years on record, from September 2019 to December 2022, income fell from $5.9m to $1.5m (-74%), an average of -29% a year. The sharpest change came in the year to December 2020, when income rose by 2254%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pisgah Health Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Elizabeths Smile Foundation ($1.5m), Highland Hospital Foundation Inc ($1.5m) and Great Lakes Adaptive Sports Assoc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $154k (7.8% of expenses). Other salaries and wages came to $243k. At year end it held assets of $15.1m against liabilities of $867k, net assets of $14.3m. It reported 8 employees.