Providence Seaside Hospital Foundation

Analysis

Providence Seaside Hospital Foundation is a registered charity in United States, based in Seaside, OR. It received its IRS tax-exemption ruling in March 1988, 38 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 Seaside Hospital Foundation reported income of $1.1m and spending of $373k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $682k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Seaside Hospital Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Animal Assisted Therapy Programs of Colorado ($1.1m), Pines of Sarasota Foundation Inc ($1.1m) and Carelink Community Support Services-Nj Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $167k. At year end it held assets of $3.4m against liabilities of $196k, net assets of $3.2m.