Sea Mar Community Health Centers

Analysis

Sea Mar Community Health Centers is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 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 March 2023, Sea Mar Community Health Centers reported income of $476.4m and spending of $438.2m, spending 92% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $320.0m to $476.4m (+49%), an average of +10% a year. The sharpest change came in the year to March 2020, when income rose by 23%. 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, Sea Mar Community Health Centers sits at the 98th percentile: it is larger than about 98% 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 University Hospitals Health System Inc ($475.5m), Johns Hopkins Medical Services Corporation ($476.5m) and Cook Childrens Physician Network ($473.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $4.4m (1.0% of expenses). Other salaries and wages came to $167.8m. At year end it held assets of $419.0m against liabilities of $183.3m, net assets of $235.7m. It reported 3,484 employees.