Providence St Vincent Medical Foundation

Analysis

Providence St Vincent Medical Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 1970, 56 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, Providence St Vincent Medical Foundation reported income of $36.2m and spending of $30.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $36.2m (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence St Vincent Medical Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Good Samaritan Hospital Physician Services Inc ($36.1m), Jewish Home at Rockleigh ($36.2m) and Indian Health Center of Santa Clara Valley ($36.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $302k. At year end it held assets of $317.0m against liabilities of $7.5m, net assets of $309.5m.