Piedmont Health Services Inc
88 Vilcom Center Dr Ste 110, Chapel Hill, NC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $94,893,293 | $89,336,389 | $37,241,572 |
| FY2023 | $82,140,307 | $80,442,422 | $36,480,118 |
| FY2022 | $80,108,444 | $73,055,644 | $34,782,263 |
| FY2021 | $81,083,702 | $68,637,335 | $27,729,838 |
| FY2020 | $69,489,704 | $65,675,915 | $15,285,334 |
| FY2019 | $64,085,808 | $65,381,338 | $11,472,925 |
| FY2018 | $62,531,681 | $61,047,997 | $12,766,523 |
| FY2017 | $60,248,240 | $60,066,674 | $11,284,413 |
| FY2016 | $51,765,154 | $50,555,919 | $11,103,467 |
| FY2015 | $4,535,483 | $4,740,846 | $9,892,700 |
| FY2014 | $39,655,599 | $38,261,247 | $10,497,959 |
| FY2013 | $34,954,410 | $35,167,971 | $9,103,140 |
| FY2012 | $33,884,526 | $33,491,851 | $9,316,436 |
| FY2011 | $31,242,182 | $28,802,531 | $8,922,917 |
Form 990 filings
The returns filed by Piedmont Health Services Inc (EIN 56-0952737), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $13,722,142 | 14% |
| Program service revenue | $79,677,410 | 84% |
| Other revenue | $1,493,741 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $61,752,678 | 69% |
| Management & general | $27,583,711 | 31% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 84% of total revenue in FY2024.
- Program services accounted for 69% of functional expenses, management & general 31%, and fundraising 0%.
- 69% of functional expenses went to program services in FY2024. That is higher than 7.6% of 92 Health Care organizations in NC.
- Net assets covered about 5 months of expenses at the end of the reporting year. That puts it in the 25th percentile among 512 Health Care organizations in NC.
- Total revenue was higher than 92.7% of 524 Health Care organizations in NC.
- Total revenue rose from $31,242,182 in FY2011 to $94,893,293 in FY2024. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2013, FY2015, FY2019).
- Net assets grew from $8,922,917 to $37,241,572 between FY2011 and FY2024.
- Contributions and grants made up 36% of revenue in FY2011 and 14% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITY BY PROVIDING HIGH QUALITY, AFFORDABLE, AND COMPREHENSIVE PRIMARY HEALTH CARE.
IRS status
| Ruling year | 1970 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E320 — Health Care (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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