Providence Health Foundation

Analysis

Providence Health Foundation is a registered charity in United States, based in Saint Louis, MO. 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Providence Health Foundation reported income of $2.2m and spending of $1.1m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $367k to $2.2m (+493%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 568%. Over the whole period it spent 126% 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 Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Covington Inc ($2.2m), Hartford Communities That Care Inc ($2.2m) and Diagnostic Shared Services Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.3m against liabilities of $2,109, net assets of $5.3m.