Presbyterian Hospital Foundation

Analysis

Presbyterian Hospital Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 1980, 46 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 December 2023, Presbyterian Hospital Foundation reported income of $12.9m and spending of $8.1m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.3m to $12.9m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Hospital Foundation sits at the 86th 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 NC. Charities of a similar size with the same main cause include Healthcare Regulatory Research Institute ($12.9m), Business Group on Health ($12.9m) and Ulta Beauty Charitable Foundation ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $220k (2.7% of expenses). Other salaries and wages came to $517k. At year end it held assets of $101.4m against liabilities of $1.5m, net assets of $99.9m. It reported 7 employees.