Virginia Mason Medical Center

Analysis

Virginia Mason Medical Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1935, 91 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, Virginia Mason Medical Center reported income of $1.25bn and spending of $1.28bn, spending 103% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.17bn to $1.25bn (+7.0%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 116%. 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, Virginia Mason Medical Center sits at the 99th 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 WA. Charities of a similar size with the same main cause include St Charles Health System Inc ($1.25bn), Village Senior Services Corporation ($1.26bn) and Uofl Health-Louisville Inc ($1.25bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $11.4m (0.9% of expenses). Other salaries and wages came to $547.7m. At year end it held assets of $1.28bn against liabilities of $783.8m, net assets of $491.7m. It reported 6,449 employees.