Providence Medical Center Foundation

Analysis

Providence Medical Center Foundation is a registered charity in United States, based in Wayne, NE. It received its IRS tax-exemption ruling in December 1963, 63 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Medical Center Foundation reported income of $205k and spending of $163k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $545k to $205k (-62%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Medical Center Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within NE. Charities of a similar size with the same main cause include Arizona Congress of Parents & Teach Ers ($205k), Mid Valley Gleaners ($205k) and Adventist Theological Society Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $747k against liabilities of $0, net assets of $747k.