Pacmed Clinics

Analysis

Pacmed Clinics is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pacmed Clinics reported income of $304.7m and spending of $319.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246.0m to $304.7m (+24%), an average of +5.5% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pacmed Clinics sits at the 98th percentile: it is larger than about 98% of them. 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 Southeastern Regional Medical Center ($304.1m), Baylor Scott & White Medical Centers - Greater North Texas ($304.9m) and St Josephs Hospital Yonkers ($304.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $83.8m. At year end it held assets of $207.3m against liabilities of $60.5m, net assets of $146.7m. It reported 991 employees.