Overlake Medical Center & Clinics

Analysis

Overlake Medical Center & Clinics is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 1965, 61 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, Overlake Medical Center & Clinics reported income of $722.1m and spending of $767.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $610.1m to $722.1m (+18%), an average of +4.3% a year. 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, Overlake Medical Center & Clinics sits at the 99th percentile: it is larger than about 99% 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 Boca Raton Regional Hospital Inc ($720.6m), Huntington Hospital Association ($722.9m) and Corewell Health ($719.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $5.3m (0.7% of expenses). Other salaries and wages came to $336.9m. At year end it held assets of $933.6m against liabilities of $443.7m, net assets of $489.9m. It reported 4,158 employees.