Swedish Edmonds

Analysis

Swedish Edmonds is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swedish Edmonds reported income of $270.3m and spending of $346.9m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $238.9m to $270.3m (+13%), an average of +3.1% a year. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Swedish Edmonds sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include McLaren Oakland ($270.0m), Shannon Clinic ($270.7m) and Maryland General Hospital ($269.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $125.4m. At year end it held assets of $267.8m against liabilities of $202.4m, net assets of $65.4m. It reported 1,713 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.