Paeon Health Services Inc

Analysis

Paeon Health Services Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Paeon Health Services Inc reported income of $6.8m and spending of $6.2m, spending 91% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $3.3m to $6.8m (+106%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paeon Health Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Oneota Riverview Care Facility Inc ($6.8m), Perry County Medical Center Inc ($6.8m) and Integrated Healthcare Partners ($6.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $871k against liabilities of $0, net assets of $871k. It reported 28 employees.