Palmetto Richland Memorial Hospital Auxiliary

Analysis

Palmetto Richland Memorial Hospital Auxiliary is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1977, 49 years ago. 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 December 2023, Palmetto Richland Memorial Hospital Auxiliary reported income of $122k and spending of $13k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $122k (-63%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 398%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Richland Memorial Hospital Auxiliary sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within SC. Charities of a similar size with the same main cause include Tennessee Elks Benevolent Trust Inc ($122k), Koryo Health Foundation ($122k) and Old Town Clovis Kiwanis Foundation ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% of the total. At year end it held assets of $668k against liabilities of $0, net assets of $668k.