Corewell Health vs Providence Health & Services Washington
Side-by-side nonprofit efficiency comparison from IRS 990 data
Corewell Health (A) and Providence Health & Services Washington (B) are close on the LakeQuality efficiency rubric. With grades this close, the choice between them turns on factors outside the rubric: mission alignment with donor priorities, program track record, or geographic focus.
With composite scores this close, the decision should weight non-financial factors: the specific program work each organization does, the geography they serve, the donor's relationship with leadership, and the marginal value of each additional dollar of funding to the organization.
Verdict
Corewell Health earns a higher Efficiency Score of 82/100 (A) compared to Providence Health & Services Washington at 77/100 (B). Corewell Health directs 78.0% of expenses to programs. CEO compensation: Corewell Health at $0 vs Providence Health & Services Washington at $0.
| Metric | Corewell Health | Providence Health & Services Washington |
|---|---|---|
| Efficiency Score Composite of program ratio, revenue growth, reserves, and CEO comp | 82/100 (A)* | 77/100 (B) |
| Program Spending Ratio % of expenses going to programs (higher means more goes to mission) | 78.0% | 78.0%* |
| CEO Compensation | $0 | $0 |
| Revenue | $10.4B | $9.8B |
| Total Expenses | $10.2B | $10.1B |
| Total Assets | $8.7B | $8.5B |
| Category | Health | Health |
| Location | Grand Rapids, Michigan | Renton, Washington |
Corewell Health earns a higher Efficiency Score of 82/100 (A) compared to Providence Health & Services Washington at 77/100 (B). Corewell Health directs 78.0% of expenses to programs. CEO compensation: Corewell Health at $0 vs Providence Health & Services Washington at $0.