Providence Health Services Inc

Analysis

Providence Health Services Inc 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 Services Inc reported income of $8.6m and spending of $15.5m, spending 180% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.8m to $8.6m (-55%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 68%. Over the whole period it spent 183% 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 Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Harbors Home Health & Hospice ($8.6m), Chemical Addictions Recovery Effort Inc ($8.6m) and John Knox Manor Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $1.0m against liabilities of $3.0m, net assets of -$2.0m.

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.