Providence Portland Medical Foundation

Analysis

Providence Portland Medical Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1990, 36 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 Portland Medical Foundation reported income of $31.1m and spending of $23.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $43.7m to $31.1m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Portland Medical Foundation sits at the 91st percentile: it is larger than about 91% 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 Comprehensive Mental Health Center of Tacoma Pierce County ($31.1m), The Howard Young Medical Center Inc ($31.1m) and Family Health & Housing Foundation ($31.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $370k. At year end it held assets of $243.8m against liabilities of $9.1m, net assets of $234.7m.