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 April 1983, 43 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 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 $295.3m and spending of $286.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $164.5m to $295.3m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 94% 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 98th percentile: it is larger than about 98% of them. 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 Baxter County Regional Hospital Inc ($294.7m), North Platte Nebraska Hospital Corporation ($295.7m) and Saint Alphonsus Medical Center Nampa Inc ($294.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $10.2m (3.6% of expenses). Other salaries and wages came to $35.3m. At year end it held assets of $2.53bn against liabilities of $1.47bn, net assets of $1.06bn. It reported 5,024 employees.