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 $256.3m and spending of $263.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $217.6m to $256.3m (+18%), an average of +4.2% a year. Over the whole period it spent 102% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Henry Ford Health Rochester Hospital ($256.1m), Legacy Health ($256.4m) and St Vincents East ($256.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $554k (0.2% of expenses). Other salaries and wages came to $71.9m. At year end it held assets of $110.3m against liabilities of $98.3m, net assets of $12.0m. It reported 1,871 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.