Providence Trinitycare Hospice

Analysis

Providence Trinitycare Hospice is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in June 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Trinitycare Hospice reported income of $36.6m and spending of $42.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.8m to $36.6m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Trinitycare Hospice sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Our Lady of the Wayside Inc ($36.6m), Mid-American Athletic Conference ($36.6m) and Community Mental Health Affiliates Inc ($36.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 86% of the total. Other salaries and wages came to $21.6m. At year end it held assets of $31.6m against liabilities of $2.2m, net assets of $29.4m.

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.