Legacy Emanuel Hospital & Health Center

Analysis

Legacy Emanuel Hospital & Health Center is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1963, 63 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, Legacy Emanuel Hospital & Health Center reported income of $1.11bn and spending of $1.26bn, spending 114% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $943.7m to $1.11bn (+17%), an average of +4.0% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Emanuel Hospital & Health Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Baptist Health of South Florida Inc ($1.10bn), Shriners Hospitals for Children ($1.11bn) and Froedtert Thedacare Health Inc ($1.10bn).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.7m (0.5% of expenses). Other salaries and wages came to $636.7m. At year end it held assets of $165.7m against liabilities of $453.0m, net assets of -$287.4m.

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.