Providence Saint Johns Medical Foundation

Analysis

Providence Saint Johns Medical Foundation is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in October 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 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 Saint Johns Medical Foundation reported income of $277.8m and spending of $278.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115.0m to $277.8m (+142%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Saint Johns Medical Foundation sits at the 97th percentile: it is larger than about 97% 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 Southwest Volusia Healthcare Corporation ($277.8m), The Association of CHRMC and University Physicians ($278.1m) and Southcoast Physicians Group Inc ($277.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $41.4m. At year end it held assets of $75.2m against liabilities of $158.1m, net assets of -$82.9m. It reported 799 employees.