Providence Health Alliance Inc

Analysis

Providence Health Alliance Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 1999, 27 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 Health Alliance Inc reported income of $67.5m and spending of $114.0m, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $49.7m to $67.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 161% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Health Alliance Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Coleman Professional Services Inc ($67.3m), Caresouth Carolina Inc ($67.5m) and Baptist Memorial Health Care Foundation ($67.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.6m (4.9% of expenses). Other salaries and wages came to $64.3m. At year end it held assets of $24.9m against liabilities of $30.1m, net assets of -$5.1m. It reported 719 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.