Prisma Health Ltach - Baptist
Public records show a registered, tax-exempt organization in good standing.
What it says it does
INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.
- Income
- $86,779
- Spending
- $1.6 million
- Spent on programs
- 86%
- Reserves
- -0.5 months of spending
- Largest source of income
- other income, 94%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $699,628, evp chief financial officer
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 41 out of 100. Higher than 15% of charities in its peer group (health care, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
0 of 15Spending exceeded income by 1737% of income.
Spending floor
15 of 1586% of spending went to programs.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 88% of charities in its peer group (health care, under $250k).
Independent board
25 of 253 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.4 million spent. PRISMA HEALTH LTACH - BAPTIST WAS FORMED TO OWN AND OPERATE A 35-BED LONG-TERM ACUTE CARE HOSPITAL WITHIN THE PRISMA HEALTH BAPTIST HOSPITAL LOCATED AT 1130 TAYLOR STREET, 7TH FLOOR, COLUMBIA, SC 29220 (THE LTACH). THE LTACH IS LICENSED AS A SPECIALTY HOSPITAL BY THE SOUTH CAROLINA DEPARTMENT OF PUBLIC HEALTH AND PROVIDES HEALTH CARE SERVICES TO PATIENTS IN THE MIDLANDS REGION OF SOUTH CAROLINA, MORE SPECIFICALLY CARE AND TREATMENT FOR PATIENTS REQUIRING COMPLEX, ACUTE CARE ON A LONG-TERM BASIS. PRISMA HEALTH LTACH - BAPTIST ACQUIRED SUBSTANTIALLY ALL OF THE ASSETS OF THE LTACH ON FEBRUARY 6, 2025 (THE CLOSING DATE). IN JOINING PRISMA HEALTH, THE ORGANIZATION IS FURTHER ADVANCING HEALTH CARE QUALITY, SAFETY AND ACCESS FOR PATIENTS ACROSS THE REGION.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Worth knowing.
Recognized by the IRS in February 2026. It is too new to have a track record.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.