Commonspirit Washington

Analysis

Commonspirit Washington is a registered charity in United States, based in Phoenix, AZ. 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 June 2023, Commonspirit Washington reported income of $1.59bn and spending of $1.73bn, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.32bn to $1.59bn (+20%), an average of +4.6% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonspirit Washington sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Rochester General Hospital ($1.58bn), Toledo Hospital ($1.59bn) and Loma Linda University Medical Center ($1.58bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $9.0m (0.5% of expenses). Other salaries and wages came to $613.6m. At year end it held assets of $958.0m against liabilities of $419.2m, net assets of $538.8m. It reported 8,890 employees.