Prymed Medical Care Inc

Analysis

Prymed Medical Care Inc is a registered charity in United States, based in Ciales, PR. It received its IRS tax-exemption ruling in April 1997, 29 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 January 2024, Prymed Medical Care Inc reported income of $33.9m and spending of $29.1m, spending 86% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $13.3m to $33.9m (+154%), an average of +26% a year. The sharpest change came in the year to January 2021, when income rose by 52%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prymed Medical Care Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within PR. Charities of a similar size with the same main cause include Abilis Inc ($33.8m), Care Resources ($33.9m) and Betances Health Center ($33.8m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $282k (1.0% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $34.8m against liabilities of $3.4m, net assets of $31.5m. It reported 222 employees.