Providence Health & Services Washington

Analysis

Providence Health & Services Washington is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in December 2001, 25 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, Providence Health & Services Washington reported income of $9.78bn and spending of $10.12bn, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.02bn to $9.78bn (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Health & Services Washington sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Ihc Health Services Inc ($9.64bn), Dignity Health ($9.91bn) and Banner Health ($9.48bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $52.2m (0.5% of expenses). Other salaries and wages came to $3.63bn. At year end it held assets of $8.46bn against liabilities of $7.05bn, net assets of $1.41bn. It reported 45,296 employees.