Piedmont Healthcare Inc

Analysis

Piedmont Healthcare Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1940, 86 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 June 2023, Piedmont Healthcare Inc reported income of $1.48bn and spending of $1.36bn, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.08bn to $1.48bn (+37%), an average of +8.3% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Healthcare Inc sits at the 100th 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 GA. Charities of a similar size with the same main cause include Ann & Robert H Lurie Childrens Hospital of Chicago ($1.47bn), Phoenix Childrens Hospital ($1.48bn) and Lancaster General Hospital ($1.47bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.4m (0.2% of expenses). Other salaries and wages came to $307.2m. At year end it held assets of $2.23bn against liabilities of $913.9m, net assets of $1.31bn. It reported 4,856 employees.