Presbyterian Medical Services

Analysis

Presbyterian Medical Services is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 1970, 56 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Medical Services reported income of $130.2m and spending of $135.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $114.1m to $130.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Medical Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NM. Charities of a similar size with the same main cause include Silverton Health ($130.2m), South Florida Behavioral Health Network Incorporated ($130.2m) and Insight Chicago Inc ($129.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $2.5m (1.9% of expenses). Other salaries and wages came to $71.8m. At year end it held assets of $135.0m against liabilities of $43.7m, net assets of $91.2m. It reported 1,731 employees.