Providence Facey Medical Foundation

Analysis

Providence Facey Medical Foundation is a registered charity in United States, based in Mission Hills, CA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Facey Medical Foundation reported income of $365.0m and spending of $365.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $268.6m to $365.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Facey Medical Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include National Endowment for Democracy ($363.0m), Childrens Health Care Associates Inc ($370.5m) and American Kidney Fund Inc ($352.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $517k (0.1% of expenses). Other salaries and wages came to $68.6m. At year end it held assets of $233.3m against liabilities of $211.0m, net assets of $22.3m. It reported 1,487 employees.