Prisma Health Midlands Foundation

Analysis

Prisma Health Midlands Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Prisma Health Midlands Foundation reported income of $7.2m and spending of $2.0m, leaving 72% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.3m to $7.2m (-12%), an average of -3.3% a year. The sharpest change came in the year to September 2023, when income rose by 111%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prisma Health Midlands Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Brattleboro Mutual Aid Association Inc ($7.2m), Upper Chesapeake Health Foundation Inc ($7.2m) and Barnard Free Skin and Cancer Hospital ($7.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $350k (18% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $41.6m against liabilities of $651k, net assets of $41.0m. It reported 37 employees.