Presbyterian Medical Services Foundation Inc

Analysis

Presbyterian Medical Services Foundation Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Medical Services Foundation Inc reported income of $370k and spending of $53k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $370k (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 734%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Presbyterian Medical Services Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Rotary District 6560 World Community Service Foundation Inc ($370k), Decatur City Schools Foundation ($370k) and Ludwig and Lizette Fincke Endowment Fund ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. Other salaries and wages came to $14k. It paid $4,880 in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $1.5m, net assets of $1.8m.