Providence St Joseph Medical Center

Analysis

Providence St Joseph Medical Center 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence St Joseph Medical Center reported income of $47.1m and spending of $55.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.6m to $47.1m (+11%), an average of +2.6% a year. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence St Joseph Medical Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Pancreatic Cancer Action Network Inc ($47.1m), Co-Mhar Inc ($47.1m) and Indiana University Health Tipton Hospital Inc ($47.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $257k (0.5% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $30.3m against liabilities of $3.8m, net assets of $26.5m. It reported 369 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.