Piedmont Care Inc

Analysis

Piedmont Care Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in December 1996, 30 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 March 2024, Piedmont Care Inc reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.8m to $3.5m (+24%), an average of +5.5% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Care Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Community Medicine Inc ($3.5m), Westy Community Care Home Inc ($3.5m) and McGuire Administative Services Inc ($3.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 72% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $133k (3.9% of expenses). Other salaries and wages came to $902k. At year end it held assets of $3.0m against liabilities of $319k, net assets of $2.7m. It reported 25 employees.