Dignity Health Medical Foundation

Analysis

Dignity Health Medical Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1991, 35 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, Dignity Health Medical Foundation reported income of $1.50bn and spending of $1.43bn, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.11bn to $1.50bn (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dignity Health Medical Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include University Health System Inc ($1.50bn), Sacred Heart Health System Inc ($1.50bn) and Medstar-Georgetown Medical Center Inc ($1.49bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $3.2m (0.2% of expenses). Other salaries and wages came to $238.2m. At year end it held assets of $659.3m against liabilities of $405.5m, net assets of $253.8m. It reported 4,198 employees.