Peacehealth

Analysis

Peacehealth is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in November 1986, 40 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, Peacehealth reported income of $3.34bn and spending of $3.56bn, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.87bn to $3.34bn (+17%), an average of +3.9% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Peacehealth 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 WA. Charities of a similar size with the same main cause include Lehigh Valley Hospital ($3.19bn), Health Share of Oregon ($3.36bn) and The Johns Hopkins Hospital ($3.18bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $19.4m (0.5% of expenses). Other salaries and wages came to $1.75bn. At year end it held assets of $4.68bn against liabilities of $2.42bn, net assets of $2.26bn. It reported 20,848 employees.