Piedmont Healthcare Foundation Inc

Analysis

Piedmont Healthcare Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2020, 6 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 i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Piedmont Healthcare Foundation Inc reported income of $11.1m and spending of $2.2m, leaving 81% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.6m to $11.1m (-60%), an average of -20% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 5.6% 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 Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include The Arc of Pennsylvania ($11.1m), Silver Cross Health System Inc ($11.1m) and Wes Horizons ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $41.6m against liabilities of $878k, net assets of $40.7m.