Presbyterian Healthcare Foundation

Analysis

Presbyterian Healthcare Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1968, 58 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 Healthcare Foundation reported income of $9.9m and spending of $8.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.3m to $9.9m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. 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, Presbyterian Healthcare Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Southwestern Louisianna Area Health Education Center Foundation ($9.9m), Planned Parenthood South Texas ($9.9m) and Wells Nursing Home Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $128.9m against liabilities of $748k, net assets of $128.1m.