Precision Health Center

Analysis

Precision Health Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2021, 5 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, Precision Health Center reported income of $4.7m and spending of $3.4m, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $649k to $4.7m (+620%), an average of +620% a year. The sharpest change came in the year to December 2023, when income rose by 620%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Precision Health Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Upper Peninsula Health Care Solutions Inc ($4.7m), French Hospital Medical Center Foundation ($4.7m) and Translifeline ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $288k (8.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.6m against liabilities of $1.1m, net assets of $1.5m.