Kadlec Regional Medical Center

Analysis

Kadlec Regional Medical Center is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in July 1958, 68 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, Kadlec Regional Medical Center reported income of $875.2m and spending of $853.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $696.1m to $875.2m (+26%), an average of +5.9% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kadlec Regional 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 Pih Health Whittier Hospital ($874.1m), University Hospitals Health System Inc ($878.2m) and Tallahassee Memorial Healthcare Inc ($872.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $386k (0.0% of expenses). Other salaries and wages came to $352.8m. At year end it held assets of $856.9m against liabilities of $365.9m, net assets of $491.0m. It reported 4,683 employees.