Prisma Health

Analysis

Prisma Health is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2017, 9 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 iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Prisma Health reported income of $221.3m and spending of $148.8m, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $45.0m to $221.3m (+391%), an average of +49% a year. The sharpest change came in the year to September 2020, when income rose by 237%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prisma Health sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Holzer Hospital Foundation ($220.8m), Villages Tri-County Medical Center Inc ($221.3m) and Eliot Community Human Services Inc ($219.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.0% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $9.4m (6.3% of expenses). Other salaries and wages came to $411.0m. At year end it held assets of $2.69bn against liabilities of $2.22bn, net assets of $477.7m. It reported 6,606 employees.