Providence Hospital

Analysis

Providence Hospital 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Providence Hospital reported income of $16.5m and spending of $51.3m, spending 311% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $155.3m to $16.5m (-89%), an average of -43% a year. The sharpest change came in the year to June 2023, when income rose by 218%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Hospital sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include United Cerebral Palsy Association of Niagara County Inc ($16.5m), Baptist Memorials Ministries ($16.5m) and Michigan Physical Fitness Health and Sports Foundation ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 55% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $6.4m against liabilities of $13.1m, net assets of -$6.7m. It reported 243 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.