St Joseph Health System

Analysis

St Joseph Health System is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Joseph Health System reported income of $191.3m and spending of $195.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $547.5m to $191.3m (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Joseph Health System sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Roper St Francis Healthcare ($191.2m), Piedmont Cartersville Hospital Inc ($191.3m) and Verde Valley Medical Center ($191.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 90% of the total. Other salaries and wages came to $70.6m. At year end it held assets of $1.91bn against liabilities of $1.95bn, net assets of -$41.5m. It reported 994 employees.