Providence St Joseph Health

Analysis

Providence St Joseph Health is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in March 2017, 9 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence St Joseph Health reported income of $39.0m and spending of $39.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.8m to $39.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 100% 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 Health sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Phoebe Home Inc ($39.0m), Lighthouse Behavioral Wellness Centers Inc ($39.0m) and Dimmit Regional Hospital ($39.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $32.0m (82% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.72bn against liabilities of $2.67bn, net assets of $47.6m. It reported 9 employees.