Palmetto Health Council Inc

Analysis

Palmetto Health Council Inc is a registered charity in United States, based in Palmetto, GA. It received its IRS tax-exemption ruling in June 1987, 39 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 May 2023, Palmetto Health Council Inc reported income of $14.9m and spending of $12.1m, spending 82% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $17.2m to $14.9m (-13%), an average of -3.5% a year. The sharpest change came in the year to May 2020, when income dropped by 35%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palmetto Health Council Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Community Programs Inc ($14.8m), Peninsula Community Health Services of Alaska Inc ($14.9m) and Summit Childrens Residence Center Inc ($14.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $463k (3.8% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $17.8m against liabilities of $4.3m, net assets of $13.4m. It reported 106 employees.