Peacehealth St Joseph Medical Center Foundation

Analysis

Peacehealth St Joseph Medical Center Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Peacehealth St Joseph Medical Center Foundation reported income of $19.1m and spending of $2.6m, leaving 86% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $19.1m (+1124%), an average of +130% a year. The sharpest change came in the year to June 2021, when income rose by 773%. Over the whole period it spent 9.0% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Peacehealth St Joseph Medical Center Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Eskenazi Health Foundation Inc ($19.1m), Vera French Community Mental Health ($19.1m) and GSLPG Inc ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $88.7m against liabilities of $0, net assets of $88.7m.