Providence Health & Services Mt

Analysis

Providence Health & Services Mt is a registered charity in United States, based in Seattle, WA. 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 December 2023, Providence Health & Services Mt reported income of $524.6m and spending of $505.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433.4m to $524.6m (+21%), an average of +4.9% a year. Over the whole period it spent 92% 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 & Services Mt 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 Edward W Sparrow Hospital Association ($524.3m), Wheeling Hospital Inc ($524.9m) and Upmc ($522.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 94% of the total. Other salaries and wages came to $180.3m. At year end it held assets of $381.7m against liabilities of $68.9m, net assets of $312.7m. It reported 2,868 employees.