Swedish Medical Center Foundation

Analysis

Swedish Medical Center Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swedish Medical Center Foundation reported income of $36.5m and spending of $25.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.5m to $36.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Swedish Medical Center Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include California Primary Care Association ($36.5m), Brookville Hospital ($36.6m) and University of Maryland Pediatric As Sociates P a ($36.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $147.4m against liabilities of $4.2m, net assets of $143.2m.