Multicare Foundations

Analysis

Multicare Foundations is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 1991, 35 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, Multicare Foundations reported income of $16.2m and spending of $7.7m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $16.2m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. 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, Multicare Foundations sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Yakima Valley Council on Alcoholism ($16.2m), Wyandot Center for Community Behavioral Healthcare Inc ($16.2m) and RWJBH Behavioral Health Prevention and Recovery Inc ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $74.2m against liabilities of $1.1m, net assets of $73.1m. It reported 12 employees.