Prisma Health-University Medical Group

Analysis

Prisma Health-University Medical Group is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in March 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Prisma Health-University Medical Group reported income of $856.9m and spending of $1.29bn, spending 151% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $614.6m to $856.9m (+39%), an average of +8.7% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 140% 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-University Medical Group sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Enloe Medical Center ($851.4m), Good Samaritan University Hospital ($857.8m) and Pomona Valley Hospital Medical Center ($846.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $357k (0.0% of expenses). Other salaries and wages came to $901.2m. At year end it held assets of $160.2m against liabilities of $98.0m, net assets of $62.2m. It reported 5,647 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.