Anmed Health

Analysis

Anmed Health is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in May 1937, 89 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 2022, Anmed Health reported income of $681.6m and spending of $654.0m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $617.5m to $681.6m (+10%), an average of +3.3% a year. 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, Anmed Health sits at the 99th percentile: it is larger than about 99% of them. 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 Aspirus Wausau Hospital Inc ($681.3m), Lafayette General Medical Center Inc ($681.9m) and Elliot Hospital of the City of Manchester ($676.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $5.1m (0.8% of expenses). Other salaries and wages came to $255.9m. At year end it held assets of $1.10bn against liabilities of $321.3m, net assets of $778.9m. It reported 4,196 employees.