Providence Health System-Southern California

Analysis

Providence Health System-Southern California is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1946, 80 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 System-Southern California reported income of $2.17bn and spending of $2.30bn, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.98bn to $2.17bn (+9.4%), an average of +2.3% a year. Over the whole period it spent 99% 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 System-Southern California 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 SSM Health Care St Louis ($2.15bn), Northshore University Healthsystem ($2.17bn) and Wellstar Health System Inc ($2.12bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 87% of the total. Other salaries and wages came to $725.9m. At year end it held assets of $2.51bn against liabilities of $3.84bn, net assets of -$1.33bn. It reported 13,194 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.