Providence St Joseph Health Foundation

Analysis

Providence St Joseph Health Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Joseph Health Foundation reported income of $2.0m and spending of $3.9m, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $935k to $2.0m (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 2036%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Providence St Joseph Health Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include Imogene & Harold Herndon Char Tr-I ($2.0m), Scott Community Foundation ($2.0m) and Ashland Community Hospital Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. Other salaries and wages came to $128k. At year end it held assets of $4.9m against liabilities of $597k, net assets of $4.3m.