Providence Medical Foundation
Providence Medical Foundation reported $1.52 billion in revenue and $1.52 billion in expenses for calendar year 2024. Of every $100 it spent, $86.91 went to program services, $13.09 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.0% of the total. The highest compensation it reported for one person was $9,125,384 (DIRECTOR). 883 people received more than $100,000 in reportable compensation. Revenue rose 40% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.52BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $1.52BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $9,125,384 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.60% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 883 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 12 of 20 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSee schedule oat providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We are also pursuing innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all. In an increasingly uncertain world, we are committed to high-quality, compassionate health care for everyone - regardless of coverage or ability to pay. We help people and communities benefit from the best health care model for the future - today.together, our 125,000 caregivers (all employees) serve in 51…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $8,590,356 | $535,028 | $9,125,384 |
| DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $2,420,269 | $276,089 | $2,696,358 |
| DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $1,932,949 | $221,622 | $2,154,571 |
| PRESIDENT (PART YEAR) Director/trustee, officer, 1.00 hrs/week | $0 | $1,315,185 | $233,280 | $1,548,465 |
| FRMR OFF. CFO MANAGED CARE Former, 0.00 hrs/week | $0 | $1,136,956 | $192,223 | $1,329,179 |
| DIRECTOR Director/trustee, 0.50 hrs/week | $1,048,788 | $0 | $174,753 | $1,223,541 |
| SECRETARY Officer, 0.50 hrs/week | $0 | $955,923 | $128,530 | $1,084,453 |
| CHIEF MEDICAL OFFICER - CALIFORNIA Highest compensated employee, 50.00 hrs/week | $894,795 | $0 | $150,672 | $1,045,467 |
883 people received more than $100,000 in reportable compensation from Providence Medical Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 55,492
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| R1 RCM HOLDCO INC Consulting services | $34,032,705 |
| MEDIREVV INC Consulting services | $18,922,445 |
| LOCUMSMART LLC Technology services | $18,356,403 |
| MCKESSON SPECIALTY CARE DISTRIBUTION Medical services | $8,018,954 |
| APIXIO LLC Consulting services | $3,354,931 |
Individuals listed as contractors are left out. 82 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Providence Medical Foundation totaling $10,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Providence Medical Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Providence Medical Foundation, you can publish a response that is linked from this page.
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Of every $100 Providence Medical Foundation spent in 2024, $86.91 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Group HealthMinneapolis, MN · revenue $1.52B · programs 67.7% · 2024
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- Children's Hospital Medical Center of AkronAkron, OH · revenue $1.54B · programs 78.4% · 2024
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Questions people ask
How much of Providence Medical Foundation's spending goes to programs?
In calendar year 2024, Providence Medical Foundation reported that 86.9% of its $1.52 billion in expenses went to program services, 13.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Providence Medical Foundation pay its top executive?
The largest total compensation Providence Medical Foundation reported for one person in calendar year 2024 was $9,125,384, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Providence Medical Foundation get its money?
Of $1.52 billion in revenue in calendar year 2024, 0.7% came from contributions and grants (including 0.0% from government grants) and 95.0% from program service revenue (Form 990, Part VIII).
Is Providence Medical Foundation a registered charity?
The IRS lists EIN 33-0185031 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533179349307358 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443189349300214 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313159349301876 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223149349302382 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143189349300299 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043109349303114 · read the filing
All filings for EIN 33-0185031: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.