Peacehealth Southwest Medical Center Foundation

Analysis

Peacehealth Southwest Medical Center Foundation is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in February 1984, 42 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 June 2023, Peacehealth Southwest Medical Center Foundation reported income of $7.5m and spending of $11.3m, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $7.5m (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 221%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Peacehealth Southwest Medical Center Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include New York City Foundation for Cerebral Palsy Inc ($7.5m), Western Institute for Veterans Institute ($7.5m) and Positively U Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $761k. At year end it held assets of $47.4m against liabilities of $0, net assets of $47.4m.