Permian Basin Medical Center

Analysis

Permian Basin Medical Center is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 2024, 2 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Permian Basin Medical Center reported income of $2.1m and spending of $970k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.2m to $2.1m (-7.6%), an average of -7.6% a year. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Permian Basin Medical Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Ronald McDonald House Charities of the Ohio Valley Inc ($2.1m), Erise Williams and Associates Inc ($2.1m) and Va Connecticut Research and Education Foundation Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.8m against liabilities of $1.3m, net assets of $1.5m.