Presbyterian Healthcare Services

Analysis

Presbyterian Healthcare Services is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Healthcare Services reported income of $2.39bn and spending of $2.55bn, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.95bn to $2.39bn (+22%), an average of +5.2% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Healthcare Services sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NM. Charities of a similar size with the same main cause include Boston Medical Center Corporation ($2.38bn), Kaiser Foundation Health Plan of Georgia Inc ($2.42bn) and Florida Health Sciences Center Inc ($2.36bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $21.3m (0.8% of expenses). Other salaries and wages came to $877.4m. At year end it held assets of $3.84bn against liabilities of $1.86bn, net assets of $1.98bn. It reported 14,753 employees.