Musc Health Partners

Analysis

Musc Health Partners is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 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, Musc Health Partners reported income of $14.5m and spending of $14.5m, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $4.4m to $14.5m (+227%), an average of +81% a year. The sharpest change came in the year to June 2023, when income rose by 316%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Musc Health Partners 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 SC. Charities of a similar size with the same main cause include Ozarks Resource Group ($14.5m), Nemours New Jersey Physician Practice PC ($14.5m) and Healing Transitions Inc ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 27% of the total. Other salaries and wages came to $11.2m. At year end it held assets of $5.0m against liabilities of $4.7m, net assets of $329k. It reported 53 employees.