Providence Health & Services Foundation

Analysis

Providence Health & Services Foundation is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in December 1980, 46 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 Health & Services Foundation reported income of $50.1m and spending of $22.8m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.8m to $50.1m (+102%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 249%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Health & Services Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Moses Lake Community Health Center ($50.0m), Ryder Memorial Hospital Inc ($50.1m) and Northern Kentucky Mental Health Mental Retardation Regional Board ($50.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $189.4m against liabilities of $93.1m, net assets of $96.3m.