Silverton Health

Analysis

Silverton Health is a registered charity in United States, based in Silverton, OR. It received its IRS tax-exemption ruling in July 1948, 78 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 March 2023, Silverton Health reported income of $130.2m and spending of $141.9m, spending 109% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $153.0m to $130.2m (-15%), an average of -4.0% a year. The sharpest change came in the year to March 2021, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Silverton Health sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Insight Chicago Inc ($129.6m), Presbyterian Medical Services ($130.2m) and Ascension St Francis Hospital Inc ($129.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.3m (2.3% of expenses). Other salaries and wages came to $59.0m. At year end it held assets of $36.1m against liabilities of $36.8m, net assets of -$740k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.